Failed Auction of Myanmar's Historic Political Landmark

A second attempt to auction the historic family home of Myanmar's former leader Aung San Suu Kyi failed due to the high court-ordered asking price. Suu Kyi, who spent 15 years under house arrest in the property, is currently serving a 27-year sentence on various charges. The auction process remains uncertain amid ongoing civil war and economic turmoil.

On Thursday, the second attempt to auction the family home of Myanmar's imprisoned former leader Aung San Suu Kyi failed, with no bidders in sight. The court-mandated asking price of $142 million likely deterred potential buyers.

Suu Kyi, who was under house arrest in the property for 15 years, hosted notable dignitaries such as U.S. President Barack Obama and Secretary of State Hillary Clinton. The home is regarded as a symbol of her nonviolent struggle against military rule, a legacy that earned her the Nobel Peace Prize.

The legal dispute over the property has been ongoing for decades between Suu Kyi and her estranged brother. The auction conducted in front of the closed gates of the property was brief, lasting less than a minute. The court will continue the auction process, though details remain unclear.

(With inputs from agencies.)