US Marshalls to auction off criminals' designer watches

First published: 27-06-2012

A huge collection of designer watches and jewellery that have been seized by US Marshalls in the course of criminal investigations are set to go under the hammer on Saturday (June 30th).

Almost 400 lots will go up for auction, with the fine watches joined in the sale by gold, diamonds and other jewellery. There is even a collection of rare Megalodon fossil shark teeth that were seized.

All of the items that are due to go up for sale were forfeited to the state because of their owners' crimes, with all proceeds from the auction going to compensate victims and help pay for law enforcement.

District of Colorado US Marshal John Kammerzell explained that when criminals are arrested the authorities take away assets that were paid for using "ill-gotten gains", and after they have been legally forfeited they go up for public sale.

"Criminals often like to spend the proceeds of their crimes on things like glitzy jewellery, watches and gold bars and coins," he added.

The auction is due to take place online, with many of the items likely to be available for a bargain in comparison with their original retail price.

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