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Nirav Modi's art collection fetches ₹54 cr at auction

Mar 27, 2019 10:13 IST

68 artworks from the collection of Nirav Modi, the billionaire jeweller accused of fraud and currently under arrest in London, went under the hammer at Saffronart’s Spring Live Auction on Tuesday. Of these 55 were sold for 54.8 crores. The sale, conducted on behalf of the Income Tax Department, included a large collection of modern and contemporary Indian paintings, and a clutch of contemporary Chinese works. The department seized over 170 artworks belonging to Modi in February.

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