A sterling silver Montblanc Meisterstuck No 146 fountain pen once owned by Singapore's first prime minister, Lee Kuan Yew, has sold for S$461,500 (US$360,000). The pen, engraved with "SM Lee Kuan Yew," attracted 111 bids at a Hotlotz auction. This final price was nearly ten times its highest presale valuation of S$30,000 to S$50,000, and significantly higher than the S$52,000 it fetched at a charity auction in 2003. AI
RANK_REASON Auction of a collectible item, not a new product release or significant industry event.
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