A 19-piece gold-jewellery lot in Nghe An remained unsold after all seven people attending the 3 November buyer-selection session withdrew. VnExpress reported that the provincial market-surveillance authority had offered the confiscated assets at a posted value exceeding VND150 million.
Fifteen people had submitted applications before the session. Seven attended, but none proceeded to the draw that would determine the right to purchase the entire lot.
Mixed items sold together
The collection comprises necklaces, plain rings, pendants, earrings and bracelets, with gold purity ranging from 9K to 24K. Individual listed values ranged from more than VND1.3 million to nearly VND22 million. Applicants were required to buy the whole collection.
Market Surveillance Team 11 confiscated the items under administrative-violation decisions in September. The assets were subsequently brought into public ownership and offered through a posted-price sale procedure.
A new valuation is planned
Under the described rules, multiple applicants would enter a draw to select the buyer. A sole applicant would be entitled to purchase. Because all seven attendees withdrew, buyer selection was not completed.
The authority’s leadership suggested that concern over falling gold prices since the September valuation may have contributed. That remains the organiser’s explanation. The lot contains different gold grades, so bullion or 9999-ring quotations cannot be applied directly to the collection.
The asset-handling council said it would reassess the lot at market value and then carry out the required sale announcement. That is the next step following the unsuccessful attempt to find a buyer.