Sakhalin region ex-Governor's watches tendered at cut rate

Sakhalin region ex-Governor's watches tendered at cut rate
Alexander Khoroshavin

The Federal Agency for State Property Management (Rosimushchestvo) reduced the cost, because no one was interested in buying property of Alexander Khoroshavin.

The Federal Property Management Agency has reduced the auction cost of the confiscated collection of elite watches of ex-Governor of the Sakhalin region Alexander Khoroshavin by 90%. This is reported on the agency's website.

8 copies of the man's pocket watch Urwerk Ur-1001 Zeit Device Limited Edition 8 are put on sale. The former owner of the watches is not mentioned on the website of the Rosimushchestvo, however, according to RIA Novosti, he is arrested on suspicion of receiving bribes on an especially large scale ex-Governor of Sakhalin.

The current price of the lot is 1 million 139 thousand 190 rubles ($19.700). Rosimushchestvo informed that they reduced the price by 90% due to the absence of applications filed with previous auctions. It is noted that the watch was in use and have been stored in the agency for a long time. Applications for a new auction are accepted until April 26. At least two applications are required to conduct it.

According to the characteristics of the watch, they belong to the class of perpetual calendars, they have 51 stone, the case is made of titanium and steel. There are indexes of 100-year and 1000-year cycles on the watch case.

The collection of watches is not the only property of Khoroshavin, which could not be sold. Earlier, the auction re-exhibited confiscated Bentley, which the previous buyer refused to buy out for 5.5 million rubles ($95.200), leaving deposit in 259.8 thousand rubles. Khoroshavin’s real estate was reversed in favor of state.

In February 2018 Alexander Khoroshavin was sentenced to 13 years' imprisonment of strict regime by the Yuzhno-Sakhalinsk City Court. The former Governor was also deprived of state awards and fined 500 million rubles ($8.6m). Khoroshavin was found guilty of taking bribes on an especially large scale and legalizing criminal proceeds. During the investigation, a collection of watches worth more than 600 million rubles ($10.3m) was seized. On February 19, the defense of the ex-Governor appealed the verdict.

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