Third attempt to auction off the home of Myanmar's ousted Aung San Suu Kyi fails to draw any bidders
A renewed attempt to auction off the family home of Myanmar’s imprisoned former leader Aung San Suu Kyi has been unsuccessful as the property in a country embroiled in a civil war failed to attract any bidders
YANGON, Myanmar — A renewed attempt to auction off the family home of Myanmar’s imprisoned former leader Aung San Suu Kyi was unsuccessful Wednesday as the prospect of paying tens of millions of dollars for a property in a country embroiled in a civil war failed to attract any bidders.
It was the third attempt to sell the lakeside property where Suu Kyi had been held under house arrest for nearly 15 years. It's widely viewed as a historical landmark of her nonviolent struggle against military rule for which she won the Nobel Peace Prize.
In the previous attempt at auction last August, the court-ordered asking price was $142 million; on Wednesday it was reduced by $1 million, to $141 million.
Suu Kyi's democratically elected government was ousted by the military in February 2021. She is now serving a combined 27-year sentence after being convicted of a string of criminal charges that supporters say have been fabricated to discredit her.
Since then, resistance to the military government has grown and the country is now in the midst of a brutal civil war.
The court-ordered auction followed a bitter decades-long legal dispute between Suu Kyi and her brother, Aung San Oo, who has sought an equal division of the property.
Each time the house has gone up for auction its price has been reduced, but there has yet to be a bidder.
In March, the asking price was 315 billion kyats, about $150 million at official rates, and the second was in August with 300 billion kyats, more than $142 million.
On Wednesday, the opening
Read more on abcnews.go.com
