The auction has over 100 seized items with an extensive range of popular watches among it.
To complete their outfit, bidders can get their hands on Louis Vuitton sunglasses and belts.
Gold bars are also listed amongst the luxury and designer items, available to bidders in one-ounce packages.
The auction opens today at 1pm and registered bidders will have a window to bid online before the auction closes on Monday December 4th.
Bidding is open to the public and will be online only.
Wilsons Auctions Director Ricky Wilson said the timing is perfect so close to Christmas.
"We are delighted to be managing the sale for CAB. Wilsons Auctions is well-known for dealing with seized goods," he said.
"All the money raised from this auction will be paid directly back into the State.
"This is an ideal opportunity for bidders to get their hands on Christmas gifts," he added.
Interested bidders can view the full auction catalogue and register to bid online.
All items are fully authenticated and the net proceeds of the auction will be returned to the Exchequer.