A court-appointed auctioneer emerged from the rusty gate of the sprawling two-storey pile on Yangon’s leafy University Avenue Road to offer it at a discounted $128 million starting price.
Suu Kyi has been jailed since being deposed by a 2021 military coup but spent years under house arrest at the historic property during a previous period of junta rule.
During her house arrest at 54 University Avenue Road, Suu Kyi would make speeches at the boundary fence -- drawing crowds of hundreds with lofty rhetoric about democracy and non-violent resistance.
As the country began to recover from pariah status it saw a series of landmark visits from foreign leaders including Barack Obama and Hillary Clinton.
Real estate agents say similar-sized properties in upmarket Yangon areas might fetch $1 million to $2 million.
It was first put up for sale in March 2024 for 315 billion kyats -- $150 million based on the official exchange rate -- but has been incrementally discounted in each of the three auctions since then.
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