Phoenix (AZ Family) — $1.25 million worth of fine jewelry, watches and coins will go up for auction in Arizona this weekend.
These items were seized from illegal drug trafficking by the Counter Narcotics Agency (CNA). Sierra Auctions is listing the items available and says online bidding has begun.
Some of the items up for auction include an 18K Presidential Rolex with diamond bezel valued at more than $65,000, and a men's oval diamond ring in 14K yellow gold set with 5.02 carats of diamonds ($80,000). ) and other fine diamond-encrusted jewelry. parts and custom designs.
Money raised at the auction will be returned to local law enforcement.
“Each year, we receive hundreds of thousands of dollars in seized jewelry and vehicles from law enforcement agencies across the state, and we sell these items each month. We sell our products and make money for our agents. “We're trying to get it back,” said Nick Kerr, president of Sierra Auctions.
Auction ends Monday at 5pm. Winners can pick up their items at 4298 N 35th Dr, Phoenix, AZ 85019. Click here for more information.
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