Brunei's auction rakes in over $1m

Brunei's auction rakes in over $1m

BANDAR SERI BEGAWAN (AFP): Brunei has raked in more than two
million Brunei dollars (US$1.1 million) from an auction of assets
owned by the disgraced younger brother of its ruler Sultan
Hassanal Bolkiah, British auctioneers Smith and Hodgkinson said
on Tuesday.

The auctioneers are scheduled to complete the sale of the
general items on Tuesday, the fourth day of the six-day auction
which began Saturday, he said. The sale has been dubbed the
"mother of all auctions."

Some 10,000 items from gold-plated toilet paper holders to
helicopter simulators belonging to a bankrupt firm of Prince
Jefri Bolkiah, the former finance minister, are on the block.

As many as 600 people were browsing through the items in the
heavily guarded former plaster cast factory of Amedeo Development
Corp., the flagship company of Prince Jefri which collapsed under
a mountain of debt three years ago, Isaacs said.