Gyeonggi Province collected 780 million won in delinquent taxes by auctioning off a total of 620 luxury handbags, watches, and precious metals seized from high-value and habitual local tax delinquents. The most popular item at the auction was the 'Chanel Classic,' which traded for higher than the auction price even though it was a 'C grade' product with stains. In particular, the 'Chanel Classic Flap Bag Gold' was sold for 1,101 million won, exceeding the auction price of 4.5 million won, showing high popularity. Louis Vuitton bags were traded relatively cheaper compared to Chanel. Local governments are utilizing the auction of seized goods to solve local tax delinquency problems.
