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The auctions of returned assets in Kazakhstan, held on July 30 and 31, 2025, on the electronic platform E-Qazyna, have proven to be a significant success. The Asset Management Company for Returned Assets reported that the total amount of deals reached 117,680,040 tenge.
Fourteen exclusive wristwatches and collectible coins, including 'Bata', 'Betashar', and 'Süiñdіr', were sold during the auctions. Among these, fourteen highly sought-after watches were sold for a total of 117.6 million tenge, with a starting price of 102.5 million tenge. This represents an increase in value during the auctions of 14.7%.
The pre-sale preparation of the items played a crucial role in the successful sale. Despite being used, the quality preparation allowed the watches to be presented advantageously at the auction, attracting keen interest from buyers who highly valued the condition and worth of the watches.
The proceeds from the auction of returned assets will be transferred to the Special State Fund, which is used to finance socially significant projects in education, healthcare, infrastructure, and support for socially vulnerable categories of citizens.
Following the auction, the Special State Fund has channeled resources into critical social infrastructure like schools, hospitals, sports facilities, and basic utilities. Notable projects include the construction of 406 social and communal facilities nationwide, costing 318 billion tenge (about US$604.2 million). These projects cover 10 educational facilities, four sports facilities, 162 healthcare projects, and 230 water supply and sewage projects, with 333 facilities currently under construction.
The fund also supports the construction and upgrading of water supply systems, such as a 5 billion tenge (US$9.5 million) investment for the Karagandy Region and 21.5 billion tenge (US$40.8 million) for the Akmola Region's water supply infrastructure.
This successful sale clearly demonstrates the effectiveness of the company's strategy for asset realization, providing a significant boost to the Special State Fund and contributing to the betterment of Kazakhstan's social infrastructure.
[1] Source: [Link to the original article or press release]
Social-media posts about the auction's success could highlight the significant boost to Kazakhstan's social infrastructure. For instance, sharing information about the constructed facilities like schools, hospitals, sports facilities, and basic utilities, or mentioning the investments in water supply systems in regions such as Karagandy and Akmola. The entertainment factor could come from showcasing the exclusive wristwatches and collectible coins that were sold during the auction, with before-and-after photos or videos demonstrating their condition and value increase.
