The auction of luxury items seized from Indian fugitive billionaire jeweller Nirav Modi, including an Amrita Sher-Gil painting at right, raised US$7.65 million - he is currently in Britain fighting to stop his extradition. AFP/PUNIT PARANJPEMUMBAI: A Rolls-Royce Ghost, Hermes handbags and rare paintings were among the luxury items seized from fugitive billionaire jeweller Nirav Modi that raised US$7.65 million for India's tax authorities at an auction on Thursday .
"We saw intensely competitive bidding across categories and from around the world," said Dinesh Vazirani, the chief of the auction house Saffrontart. Other items that were auctioned included watches by Jaeger-LeCoultre and Patek Philippe, several Hermes Birkin and Kelly bags, and Chanel handbags.Forbes estimated Modi's wealth at US$1.73 billion before the alleged fraud, placing him 85th on India's rich list.
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