How much are the seized Bearbricks 'ornaments' in billion-dollar money laundering case worth?

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SINGAPORE – On Tuesday, islandwide anti-money laundering raids saw the police round up a group of foreigners and seize cash and assets that included luxury cars, watches, and handbags. Including 105 properties that were issued with prohibition of disposal orders, the haul was worth more than $1 billion. But what also caught people’s attention were multiple colourful bear-like figurines listed...

saw the police round up a group of foreigners and seize cash and assets that included luxury cars, watches, and handbags., the haul was worth more than $1 billion.

A 100per cent Bearbrick stands at 7cm tall, while the other sizes are 50per cent , 70per cent , 150per cent , 200per cent , 400per cent , 1000per cent and 4000per cent . The Pinel et Pinel x Cyril Kongo BE@RBRICK series was made in collaboration with street artist Cyril Kongo, Medicom Toy and Forward Fashion in Macao – each piece is “entirely made by hand” with 56 pieces of leather and coated canvas.Drawing on his 18-year expertise in collecting, Mr Wee said the pieces seized are likely authentic.

Mr Xu added that there are only 26 sets of the Pinel et Pinel x Cyril Kongo Bearbrick collection, with most collectors able to afford only one or two loose pieces from a set. This is the first time he has seen a complete set of eight in Singapore, estimating it to be worth about $380,000. A recent Coco Chanel 1000per cent Bearbrick at art and luxury auction house Christie’s saw a closing bid of HK$138,600 on April 20. The same item auctioned at Sotheby’s in September 2020 went for more than double that at HK$302,400.

The Qiu Tu Bearbrick by Chinese artist Yue Minjun went for about US$157,000 at an auction following its debut in 2008. PHOTO: YANG GALLERY A Bearbrick display at Raffles City Singapore in November 2021. PHOTO: FACEBOOK/CAPITALAND/ACTIONCITY/MEDICOM TOY

 

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