Rare paintings, exquisite wrist watches and luxury cars belonging to fugitive diamantaire Nirav Modi will be auctioned from Thursday. The sale of 112 assets is being done by Saffronart, on behalf of the Enforcement Directorate through a live auction. Modi's luxury car Rolls Royce Ghost is expected to fetch up to Rs 95 lakh, while a Birkin bag and French luxury goods from Hermes, are expected to fetch up to Rs 6 lakh a piece. Artworks which are up for auction include MF Husain paintings, works by V S Gaitonde, Manjit Bawa, Raja Ravi Varma and Amrita Shergill. Nirav Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail.