From rare paintings to luxury cars, Nirav Modi's assets to go under hammer

From rare paintings to luxury cars, Nirav Modi's assets to go under hammer

Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last spotted in the UK
Current Affairs:Uncommon works of art, stunning wrist watches and extravagance autos having a place with criminal diamantaire Nirav Modi will be unloaded from Thursday.
The offer of 112 resources is being finished by Saffronart for the benefit of the Enforcement Directorate through a live sale, which will be trailed by an online one for 72 things.
Modi, who has purportedly swindled state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last seen in the UK.
Saffronart, which had directed a closeout of certain works of art having a place with Modi in March a year ago to bring over Rs 55 crore, said there will be a live sale of 112 things on Thursday, which will be trailed by an online sale one week from now.
A 1935 canvas by Amrita Sher-Gil titled “Young men with Lemons” is relied upon to be the greatest draw at the live sale on Thursday, and could bring anyplace between Rs 12-18 crore, while a 1972 piece from innovator M F Hussain is additionally expected to draw a comparable value, Saffronart said.
Other craftsmanship pieces to be sold incorporate works by V S Gaitonde, Manjit Bawa and Raja Ravi Varma, it said.
Uncommon timepieces, including a Jaeger-LeCoultre Men’s ‘Reverso Gyrotourbillon 2’ Limited Edition Wristwatch that can get up to Rs 70 lakh, a Patek Phillipe ‘Nautilus’ Gold and Diamond Wristwatch that is likewise assessed to bring up to Rs 70 lakh, will likewise go under the sledge.
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