The unique Audemars Piguet Royal Oak Offshore watch, that would cost £160,000 new, will go under the hammer during Wilsons Auctions Unreserved Government Auction on Thursday after it was seized by West Yorkshire Police.
Officers seized the 18ct pink gold watch, which has a hand stitched crocodile leather strap with a diamond paved bezel, from Leeds criminal Lyndon Hudson.
The 39-year-old, of Leicester Close, is currently serving a five-year prison sentence for his role in cannabis farms.
Lyndon originally told police the watch was not his but that it had been loaned to him by a Dubai-based jeweller in order for it to feature in a rap music video.
A confiscation order for £151,456.18 was made against Lyndon back in June.
In addition, the auction will include a Government Property Auction which will see international property going to auction including a stone built, two-storey mews house with roof terrace located in Orebic, Croatia with a guide price of £90,000. An unreserved lot of land located in Newfoundland, Canada will also go under the hammer offering investors a development opportunity, subject to planning permission, with a guide price of £50,000.
Wilsons Auctions’ Government Sales Coordinator, Michael Streight said, “Our upcoming Unreserved Government Auction is set to be a real head-turner for watch enthusiasts. Not only do we have a selection of some of the biggest watch brands in the world but we have a unique £160,000 Audemars Piguet Royal Oak Offshore watch as well as a Rolex ‘Hulk’ Submariner and not to mention some stunning gold and diamond jewellery as well as the ever popular designer goods."