Exclusive: Rare Rolls-Royce Phantom Due for Relisting, sparking Anticipation for Lelang’s Return
In an unprecedented twist, a luxurious Rolls-Royce Phantom, previously grounded in the Ministry of Social Affairs (Indonesia's Ministry of Social Affairs Baggingliong Rp 150 Million Annually from 'Free Gift Draw' Contributions".”>Kemensos) warehouse, is set to hit the auction block again. Speculations are rife as to its potential resale value. Minister of Social Affairs Saifullah Yusuf, or ‘Gus Ipul’, shed light on the subject during an interview last Saturday.
"The value of this Rolls-Royce will be determined by the Indonesian State Revenue Office and Auction Service (KPPN-KL) in Serang, which falls under the Directorate General of State Assets (DJKN)", he stated. "The proceeds from the sale will go towards state coffers, ultimately supporting various social welfare programs. We’ve been following this procedure for quite some time."
Initially listed in 2021 during the tenure of Tri Rismaharini, the high-end automobile failed to find a buyer. Now, Kemensos plans to resubmit it for auction in 2025, alongside gold and precious metals currently in storage.
The Rolls-Royce Phantom, a British production masterpiece, was procured through an airline lotteriesystem. The winning ticket holder, however, could not afford the sizeable redemption fee, which amounts to a quarter of the car’s market value. Presently, a new Rolls-Royce unit can be priced between Rp 20-25 billion, translating to a redemption fee of Rp 5-6.25 billion, a hefty sum for mere mortals.
As the anticipation builds, so does the intrigue surrounding this rare chance to own a slice of automotive history. With the government’s newfound initiative to re-auction these luxurious assets, it remains to be seen how the market will respond. Will the Rolls-Royce Phantom fetch a price that reflects its prestige, or will its previous lack of buyers set a new precedent for luxury auctions in Indonesia? Only time will tell.
(taa/dhn)
