Fugitive Nirav Modi’s treasury will be auctioned, ED will sell famous paintings, luxury cars and precious watches

• Earlier in March last year, Saffernart had collected Rs 54.84 crore by auctioning Nirav Modi’s paintings for the Income Tax Department.
• Nirav Modi’s property will be auctioned on 27 February and later online on 3 and 4 March.
• The auction includes expensive paintings, luxury vehicles and precious watches. Whose demand is very high among celebrities and collectors.

New Delhi: Property of PNB scam accused Nirav Modi will be auctioned. The Enforcement Directorate (ED) will auction Nirav Modi’s confiscated watch, luxury cars and other properties. For this, Mumbai will be auctioned on February 27 and later on March 3 and four will be auctioned online. Nirav Modi is accused of running away with Punjab National Bank with Mehul Choksi with about Rs 14,000 crore.

This is not the first time that Nirav Modi’s assets will be auctioned. Earlier in March last year, Saffernart had collected Rs 54.84 crore by auctioning Nirav Modi’s paintings for the Income Tax Department. A 1935 painting by Amrita Shergill, M.F. One of Hussain’s “Mahabharata” series, Oil Petting, VS. Gaitonde has a 1972 painting and Manjeet Bawa’s “Krishna” painting. In this, the estimated cost of petting Shergill and Hussain is Rs 12 to 18 crores, the price of petting of Gaitonde is seven to nine crores and the cost of petting of Bawa is three to five crores.

In addition, the watches placed at the auction include the “Riverso Girotorbillon 2” Limited Edition of the Eger-la-Cotte Men’s, “Opera One” by Gerrad Peregaux Mens. Also, more than 80 branded handbags will also be put up for auction. Most of the handbags are from the “Birkin” and “Kelly” collections of luxury retail brand “Haram”.

SaffronArt co-founder and CEO Dinesh Wazirani said, “The auction includes watches of Aegar-La-Cot, one of the world’s most luxury watches.” Birkin ‘of’ Haram ‘and The ‘Kelly’ collection’s handbangs are also international luxury goods. They are in great demand between collectors and celebrities. “

He said, “The 20th year of SaffronArt is beginning by providing services to the ED. We are in the process of fixing the price of the goods for auction along with ED. The works of artists like Shergill, Hussain and Gaitonde are also in the auction.” Are included. We are very happy with it. “