A Rolex watch advertised on auction website eBay by the Criminal Assets Bureau has been sold for €7,000.
The Ladies Rolex Oyster Perpetual Datejust, which is fully certified and still in its box, was purchased new for over €9,000.
The sale was the first time CAB auctioned off a confiscated item on the internet.
It was seized last year from a criminal in Limerick who bought it for his partner as a Christmas present.
The online auction ended with a winning bid of €7,000.
CAB said it was treating the auction as a test case for the future sale of other seized high value luxury items on the internet.