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Sold! Nirav Modi's art collection fetches Rs 55 crore

Updated : 2019-03-30 10:20:13

Fugitive diamantaire Nirav Modi's art collection was sold at an auction organized by Saffronart earlier this week. The auction house listed 68 lots of art, out of which 55 were sold in Mumbai. The catalogue, which was estimated to be in between Rs 30 crore and Rs 50 crore, garnered net sales of Rs 55 crore, which would be paid to tax authorities.

A 1955 ink on paper painting by FN Souza, one of Modi’s favourite artists, was sold for Rs 1.55 crore, well above the estimate of Rs 1 crore. The bidder was a caller from London.

But the highlight of the evening was a 1973 oil on canvas painting created by VS Gaitonde that fetched Rs 25.2 crore.

Modi and his uncle Mehul Choksi are wanted for an alleged Rs 13,570-crore fraud.

Image Courtesy: Saffronart.com

Untitled - V S Gaitonde. (1973).  Winning Bid: Rs 25,24,00,000
Untitled - V S Gaitonde. (1973).  Winning Bid: Rs 25,24,00,000
The Maharaja of Travancore and his youger brother welcoming Richard Temple-Grenville, 3rd Duke of Buckingham and Chandos, Governor-General of Madras (1875-80), on his official visit to Trivandram in 1880. - Raja Ravi Varma. (1881). Winning Bid: Rs 16,10,00,000
The Maharaja of Travancore and his youger brother welcoming Richard Temple-Grenville, 3rd Duke of Buckingham and Chandos, Governor-General of Madras (1875-80), on his official visit to Trivandram in 1880. - Raja Ravi Varma. (1881). Winning Bid: Rs 16,10,00,000
Untitled (Self Portrait) - F N Souza. (1971). Winning Bid: Rs 1,03,50,000
Untitled (Self Portrait) - F N Souza. (1971). Winning Bid: Rs 1,03,50,000
Untitled (Gober Ganesh) - Subodh Gupta. This installation consists of forty six parts in all, forty four dung pieces in brass and two cast aluminium baskets. Winning Bid: Rs 86,25,000
Untitled (Gober Ganesh) - Subodh Gupta. This installation consists of forty six parts in all, forty four dung pieces in brass and two cast aluminium baskets. Winning Bid: Rs 86,25,000
Untitled - Jagdish Swaminathan. (1986). Winning Bid: Rs 80,50,000
Untitled - Jagdish Swaminathan. (1986). Winning Bid: Rs 80,50,000
A Child, the Youth, now Man (2003) - Rameshwar Broota. Winning Bid: Rs 74,75,000
A Child, the Youth, now Man (2003) - Rameshwar Broota. Winning Bid: Rs 74,75,000
Untitled (Eclipse) - 6 (2007-2008) - Jitish Kallat. Winning Bid: Rs 69,00,000
Untitled (Eclipse) - 6 (2007-2008) - Jitish Kallat. Winning Bid: Rs 69,00,000
Cracks in Mondrian - Hyderabad (2004-2005) - Atul Dodiya. Winning Bid: Rs 69,00,000
Cracks in Mondrian - Hyderabad (2004-2005) - Atul Dodiya. Winning Bid: Rs 69,00,000
Untitled (Two Women) - Jogen Chowdhury. (1994). Winning Bid: Rs 52,90,000
Untitled (Two Women) - Jogen Chowdhury. (1994). Winning Bid: Rs 52,90,000
Untitled - Chinese Contemporary Art - Ge Guanzhong. Winning Bid: Rs 14,95,000
Untitled - Chinese Contemporary Art - Ge Guanzhong. Winning Bid: Rs 14,95,000
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