The Bureau of Customs (BOC) successfully auctioned off a seized luxury vehicle on Wednesday, though nine other high-end cars—including two multi-million peso Bugattis—failed to attract buyers.
The owner of the Igorot Stone Kingdom, a popular theme park in Baguio City, emerged as the sole successful bidder, purchasing a black Rolls-Royce for P29,114,357.53. The vehicle was among the assets previously seized by the bureau from the Discaya family.
According to BOC officials, while three parties initially expressed interest in the auction—including R33 Car Exchange Corp. and television host Wilfredo “Willie” Revillame—only the Igorot Stone Kingdom representative participated in the actual bidding for the Rolls-Royce.
The auction for the remaining nine luxury vehicles was declared a failure after receiving no bids.
The unsold inventory includes a 2019 red Bugatti Chiron valued at P160.4 million, a 2017 blue Bugatti Chiron valued at P149.9 million, and a 2022 Bentley Bentayga priced at PHP 11.1 million.
Other vehicles that failed to sell were a 2024 Lincoln Navigator, two Cadillac Escalades, two GMC Yukons, and a Maserati Levante Modena.
Under customs regulations, items that fail to sell in a public auction may be subject to a re-auction at a later date with adjusted floor prices, or potentially slated for destruction if they remain unsold or are deemed unfit for sale.
The BOC has been intensifying its efforts to dispose of forfeited luxury goods to generate additional revenue for the national treasury.