Nirav Modi’s Rolls Royce Ghost sold for Rs 1.7cr

Six of 12 cars were put on re-auction as the ED found the bids less for the Rolls Royce Ghost and Porsche Panamera, while sellers failed to deposit the requisite amount for four other cars.

A Rolls Royce Ghost and Porsche Panamera belonging to diamantaire Nirav Modi were sold for Rs 1.70 crore and Rs 60 lakh, respectively, in a re-auction held by the Enforcement Directorate (ED) on Tuesday.

The contract for the e-auction was given to the Mumbai office of Metal Scrap Trade Corporation Limited (MSTC), a state-owned e-commerce company. (HT Photo)

Six of 12 cars were put on re-auction as the ED found the bids less for the Rolls Royce Ghost and Porsche Panamera, while sellers failed to deposit the requisite amount for four other cars. In the previous auction, the Rolls Royce Ghost fetched Rs1.33 crore while the bidding for the Porsche Panamera ended at Rs 54.60 lakh.

Three cars that went under the hammer for the second time after bidders failed to deposit the amount, received bids of lesser value than at the first auction. The three cars are a Mercedes Benz GL 350, sold forRs 48 lakh than the earlier Rs 53.76 lakh; Honda Brio for Rs 2.39 lakh than the earlier Rs 3.90 lakh; and Toyota Innova forRs 8.70 lakh than the earlier Rs 9.12 lakh. A Skoda Superb which earlier got a Rs 7.02 lakh bid remained unsold.