Indonesia‘s Unclaimed Luxury: Rolls-Royce to Be Auctioned, Funds for Social Welfare
A Rolls-Royce, unclaimed due to the winner’s failure to pay its release fee, will go under the hammer next year, with proceeds earmarked for social welfare programs. Indonesia’s Ministry of Social Affairs (Kemensos) confirm that if the luxury car finds a buyer, the funds will be utilized according to the government’s social assistance and rehabilitation programs.
"The money will go into the PNBP (non-tax state revenue) and will be used for social assistance, social empowerment, and social rehabilitation programs for vulnerable communities," affirmed Minister Saifullah Yusuf, or Gus Ipul, in a recent interview.
The Rolls-Royce, unclaimed for over 30 days after the results were announced, will be handed over to Kemensos, as per the Minister of Social Affairs Regulation Number 3 of 2024. The car will then be put up for auction through the auction process provided by the Directorate General of State Assets of the Ministry of Finance.
Minister Gus Ipul confirmed that the ministry will comply with the regulations, ensuring that unclaimed assets are sold to prevent damage or theft while in storage. The Rolls-Royce, a prize from a airline’s fortunate draw, was won in 2016 but couldn’t be claimed due to the non-payment of its release fee. The starting price for such a vehicle currently ranges from IDR 20 billion to IDR 25 billion, requiring the winner to pay 25% of that amount, or between IDR 5 billion and IDR 6.25 billion, to take possession of the car.
In 2021, under the leadership of former Minister of Social Affairs Tri Rismaharini, the same Rolls-Royce was also put up for auction but did not find a buyer. The ministry is now hopeful that the luxury car, once a symbol of extravagance, will this time around generate funds to help those in need.
(TAA/DHN)
