An auction will be launched on Sunday for the infamous Rolex watch of Bulgarian Orthodox Bishop Nikolay.

The starting price will be BGN 11 600 (approximately EUR 5 940), according to local media.

In February, the controversial bishop declared that he would sell his Rolex watch to pay the electric bill of the Saint Marina church in his bishopric, the second largest city of Plovdiv.

The official site of the bishopric informed that the electricity bill of the temple for the month of January had amounted to the staggering BNG 2 940.

Since the money received through the sale is expected to be higher than the bill, the difference will be given for charity.

Senior clerics publicly showing off their luxurious lifestyle have stirred public outrage in Bulgaria.

In addition to Nikolay's Rolex wrist watch, Varna metropolitan Kiril, a failed wannabe Patriarch, stunned the laity on several occasion by appearing in a Lincoln MKZ hybrid limousine.