Singapore nets US$862,000 from first auction in money laundering case

A fierce 30-minute bidding war for a rare Louis Vuitton x Yayoi Kusama pumpkin bag – seized in Singapore’s S$3 billion (US$2.35 billion) money laundering case – sent its final price soaring on Sunday night. The limited-edition yellow monogram leather piece, which was a collaboration between the luxury fashion house and the Japanese artist who recently died at 97, eventually went under the hammer for an eye-watering S$87,000. A flurry of 42 last-minute bids pushed the closing price to more than...