January 01: $40m Motorcycle Seizure in Ryan Wedding Case Hits Luxury Market
Ryan Wedding is back in headlines after Mexican authorities, with FBI and RCMP support, seized 62 luxury motorcycles worth about US$40 million. The raids follow last month’s US$13 million Mercedes CLK‑GTR seizure linked to the fugitive ex‑Olympian. We see this cross‑border action raising near‑term compliance, provenance, and insurance risks for Australian auction houses and luxury‑asset dealers. Expect tighter checks, slower settlements, and a possible discount on rare vehicles lacking airtight paperwork. Here is what investors and industry players in Australia should watch now.
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