BANGKOK (AP) — A fourth attempt by Myanmar’s authorities to sell by the home of imprisoned former leader Aung San Suu Kyi by auction failed Tuesday when there were no bidders for the property, where she famously was held under house arrest for almost 15 years, a legal official said.
It was not immediately clear if the floor price — the equivalent of tens of millions of dollars — was simply too high or whether warnings by opponents of Myanmar’s military government not to buy the house substantially dampened demand.
The 1.9-acre (7,700 square meter) family property on Inye Lake in Yangon, the country’s largest city, is viewed by many in Myanmar as a historic landmark because of its close association with Suu Kyi’s long nonviolent struggle against military rule for which she won the Nobel Peace Prize.
A legal official familiar with the case, who spoke on condition of anonymity because he was not authorized to release information, said there had been no bidders at the court-ordered auction held in front of the gates of the property, which once served as an unofficial headquarters for Suu Kyi’s National League for Democracy party.
