Ukraine

ARMA auctions Medvedchuk’s watches: the lots are valued at UAH 10.6 million

The collection of wristwatches that previously belonged to Viktor Medvedchuk is already displayed on the Prozorro.Sales platform. The Agency for Search and Asset Management (ARMA) sells 20 lots, the total value of which is estimated at 10.6 million hryvnias. About this reported the head of ARMA Olena Duma.

Among the most valuable watches of the collection:

  • Breguet 4416K – with an estimate of over 1.8 million hryvnias,
  • Patek Philippe – with an estimate of over 1.2 million hryvnias,
  • Dolce & Gabbana – valued at almost 1 million hryvnias.

The cheapest watch in the collection is valued at 2.5 thousand hryvnias, and the “Moscow Kremlin” watch is valued at 17.5 thousand hryvnias.

After the end of the auctions, the funds received from the sale of watches will be transferred to ARMA’s deposit portfolio and subsequently used for the purchase of military bonds. The duration of auctions will be 14 days.

In addition, ARMA also sells seized Belarusian potassium chloride, placed in 151 wagons. The total value of this asset is 111 million hryvnias, of which 43.6 million hryvnias will be transferred to the State Budget of Ukraine as customs payments.

Earlier, ARMA announced the sale of Medvedchuk’s other assets. On April 19, the agency began selling his collection of paintings, many of which have historical and cultural value. Experts were involved in the process of evaluating the paintings to conduct an art examination in order to preserve the cultural heritage of Ukraine.

Also in March, ARMA started selling Medvedchuk’s 92-meter yacht Royal Romance, which was seized in Croatia. This was the first case of sale of seized assets abroad in the history of Ukraine. In addition, a new manager of the sports base near Kyiv, which previously belonged to Medvedchuk, will be appointed.

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