If you are not fussy about who the previous owner was, this could be your chance to snap up some “big boy’s toys” at potentially bargain basement prices.
Going under the auctioneer’s hammer this morning is an impressive boat and car collection that was once owned by a major Perth drug dealer who found out the hard way that crime does not pay.
On top of the seven-year jail sentence the dealer copped from the courts, his assets were seized under proceeds of crime laws and are now being sold without reserve prices.
Attracting most of the interest at the pre-auction inspection this week was a mint-condition 2006 Holden GTS sedan which has just over 6000km on the clock.
The reason for the car’s low mileage is that it has been in storage in a police impound facility since June 2007 when the dealer was busted with 9kg of cannabis and about 700g of methamphetamine.
The man was jailed the following year, after being described in court as one of the biggest dealers operating in Perth’s southern suburbs.
A total of four cars were seized, together with his boat and about $30,500 in cash that police found at his home
But the assets could not be sold immediately because the dealer and his family lodged multiple appeals to try to stop the State from getting its hands on them.
It is only now after all legal avenues have been exhausted that the assets can be put up for sale.
The other big-ticket item that has been garnering strong interest is the dealer’s boat — a 7.5m Gold Star — which was near-new when confiscated and has spent only a few hours on the water.
Ross’s Auctions head of auctions Kevin Grickage said it was difficult to say how much each of the items would fetch.
But with no reserve prices, he said it was possible they could be sold for well under market value.
Lost and stolen items that have never been reclaimed are also on sale, including bicycles, computers and tools.
Asset seizures netted the State government $11.9 million last year.
Today’s auction starts at 9am.