Nirav Modi asset auction fetches Rs 51 cr to ED

In this photo taken on February 24, a staff member stands in front of a painting displayed during a media preview at the Saffron Art Gallery, in Mumbai on February 24, 2020, ahead of the Spring Live Auction being conducted by Saffronart on behalf of the Tax Recovery Officer of India's Income Tax Department. (Credit: AFP)

In this photo taken on February 24, a staff member walks past paintings displayed during a media preview at the Saffron Art Gallery in Mumbai on February 24, 2020, ahead of the Spring Live Auction being conducted by Saffronart on behalf of the Tax Recovery Officer of India's Income Tax Department. (Credit: AFP)

A Rolls Royce car, paintings of famous painters MF Hussain and Amrita Sher-Gil and a designer handbag belonging to fugitive diamond jeweller Nirav Modi garnered over Rs 51 crore in the second auction conducted on Thursday.

As many as 40 items went under the hammer, marking the completion of auction of items seized by the Enforcement Directorate.