Will Govt Allow Sotheby's to Auction Widi Reserve?

Summary

The Widi Islands (Widi Reserve) in South Halmahera, North Maluku, will be auctioned at one of the well-known property auction sites. More than 100 islands in the Widi Reserve are spread over ​​10,000 hectares.

Citing Sotheby's Concierge Auctions' official website, the Widi Reserve will be auctioned from Dec 8 to Dec 14. No opening price is stated, but potential buyers are asked to deposit US$100,000.

"Every billionaire can own a private island, but only one can have this exclusive opportunity: an archipelago of more than 100 islands," Charlie Smith, executive vice president for EMEA (Europe, Middle East, and Africa) Sotheby's Concierge Auctions said in an official statement, as quoted by CNN on Wednesday.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.