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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