Thursday, March 5, 2009

Vijay Mallya buys Gandhi items for $1.8 million

BAPU


Mahatma Gandhi’s memorabilia went under the hammer in New York early on Friday morning (India time) after hours of high drama.

Liquor baron Vijay Mallya bought Gandhi’s items for $1.8 million. The collection had a reserve price between $20,000 and $30,000. Bidding began at $20,000 and rose to the final price within seven minutes.

However, the US justice department has asked the Antiquorum Auctioneers to hold the lot for two weeks pending a resolution between the new owner, the US and Indian Government.

Mallya is then expected to return the items to the Government of India.

Bapu's round wire-rim eyeglasses, a 1910 Zenith sterling silver pocket watch, a bowl and plate and a pair of leather sandals were auctioned.

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