TAIPEI (TVBS News) — Taiwan's Administrative Enforcement Agency (法務部行政執行署台北分署) launched a high-profile auction on Monday (March 2) to sell 33 luxury cars seized from the Prince Group (太子集團) in a fraud and money laundering case. The auction was held at the Taiwan Police College (台灣警察專科學校). Authorities have said total assets seized in the broader case exceeded NT$5 billion (about US$158.5 million).
The auction featured the sale of a pale yellow Porsche 918 Spyder for NT$56 million (approximately US$1.78 million) and a vibrant red Ferrari LaFerrari, which fetched NT$135 million (approximately US$4.3 million), the highest bid of the day. However, the Bugatti Chiron Sport and McLaren P1 did not find buyers. Other notable sales included a Porsche 911 GT3 RS for NT$11.2 million (approximately US$355,000) and a Porsche 911 DAKAR for NT$14.3 million (approximately US$455,000).
The Taipei branch of the Administrative Enforcement Agency reported that total sales reached NT$436.62 million (approximately 13.8 million), with the proceeds temporarily deposited into the national treasury. Minister of Justice Cheng Ming-chien (鄭銘謙) emphasized the auction as a significant milestone, highlighting the collaboration between Taiwan and the U.S. in fighting crime. Cheng stated, "The event is not just an auction but a testament to the government's firm resolve to combat fraud and a demonstration of law enforcement achievements."
A father from Taichung, surnamed Lin (林), traveled early with his son to witness the event, planning to create high-quality Reels for social media. The auction drew 266 buyers and nearly 500 attendees, underscoring public interest in the government's efforts to uphold justice and financial integrity. (At time of reporting, US$1 equals approximately NT$31.54)