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Monday, 13 August, 2001, 16:28 GMT 17:28 UK
Brunei auction: What's up for grabs
Some of the many gold-plated toilet accessories on sale
Dubbed the "Sale of the Century", the auction of thousands of items belonging to the disgraced and bankrupt Prince Jefri Bolkiah of Brunei is expected to last until Thursday.
The sale - which is being handled by the British auction firm Smith Hodgkinson - was prompted by the collapse of Prince Jefri's Amedeo Corporation in the Asian economic crisis four years ago.
Among some of the items, crammed into 21 warehouses are:
Litigation Unofficial estimates say Brunei could rake in about $17m from the auction.
The prince settled a civil action brought against him by his brother, the Sultan of Brunei, after agreeing to hand back assets he had acquired during his time as finance minister. These included several hotels, aircraft, a fleet of yachts and businesses including the luxury goods firm Asprey of London. The prince was accused of misappropriating $32.8bn of state funds. He also faces a multi-million dollar civil court action by creditors, but efforts to serve court summonses on him have so far failed as he left Brunei before court officials could get in touch with him. The prince, who now divides his time between London and Paris, left behind a fleet of expensive cars - many of which could not be started because of neglect.
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