A platinum Patek Philippe watch drew 30 bids by noon on Monday (9 Nov 2026), with the highest bid reaching S$160,000, 8world reported. Bidding had opened at 10am on Hotlotz for the second round of auctions of luxury goods forfeited in Singapore’s S$3 billion money laundering case.
Another Patek Philippe Drew a S$200,000 Bid
Hotlotz listed the platinum watch as Lot 9, with an estimate of S$125,000 to S$180,000. It’s a manual-winding watch with a stopwatch and a calendar that accounts for different month lengths and leap years.
A separate 18-carat white gold Patek Philippe Nautilus drew 15 bids, with the highest at S$200,000 in 8world’s opening-day report. Hotlotz estimated that watch at S$185,000 to S$250,000. Bidding in the watch auction is scheduled to close on 29 November.
Four Auctions, Four Closing Dates
The 450 items have a combined estimate of S$8.9 million to S$12.3 million, according to Hotlotz figures reported by 8world. The round includes 188 pieces of fine jewellery, 103 Hermès handbags and accessories, 53 watches and 106 lots of rare spirits. Among them are a jadeite and diamond pendant necklace estimated at up to S$400,000 and a bottle of Yamazaki 55 Year Old whisky estimated at S$250,000 to S$300,000.
The jewellery auction is the first to close, on 22 November, followed by the Hermès sale on 26 November. The rare spirits auction closes last, on 1 December.
Bidders can take part from anywhere in the world after registering for the auction they want to enter and completing identity checks. Hotlotz said all items offered in the first two auctions in September were sold.
