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The concept of cars and boats seized from criminals can conjure up images of luxury, ill-gotten gains ostentatiously spent on flashy status symbols.
But the next auction announced by the Asset Recovery Bureau – of a motor vehicle and a marine vessel – will have a much more modest trend.
The motor vehicle is a 1990 white Fiat Uno Hatchback, parked with 143,076 miles on the clock. The reserve price is set at € 300.
The vehicle is described as being roadworthy and in good condition. The ARB has helpfully observed that it is old enough to be registered and licensed as a conventional vehicle: although its condition may need improvement if it is to pass the required inspection.
As for the vessel, it is a Fletcher Arrowhawk 18 outboard built in 1995, for which a new registration is required. Her hull is described as being in good condition, with a few small chips and scratches from the gelcoat. The reserve value is set at € 2,800, and the trailer is included.
Interested candidates are invited to submit their offers before noon on August 17, with a provisional deposit of € 100 attached. The highest bid wins, with the first bid submitted winning in the event of a tie.
The assets will be available for inspection from August 11 to 13 from 9 a.m. to 1 p.m., interested parties being asked to make an appointment with the office.
More details can be viewed here.
Arguably the most remarkable vehicle sold by the Asset Recovery Bureau to date, a Ferrari Modena 360, auctioned for some € 36,500. But the sale put the office in hot water: it had to pay € 70,000 in compensation to the original owner after a court ruled he had no right to sell it – and that ‘he was highly undervalued.
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