Friday, February 20, 2015

Narendra Modi’s suit sold for Rs 4.31 crore

Prime Minister Narendra Modi's monogrammed bandhgala suit that had kicked up a political storm was on Friday sold off for Rs 4.31 crore at an auction that saw a scramble among the bidders on the final day for the two-piece ensemble.

The pin-striped navyblue suit that Modi wore for his Summit meeting with the US President Barack Obama on January 25, went to Surat-based diamond trader Lalji Patel and his son after intense bidding in the dying moments of the auction.

"The suit has been purchased for Rs 4.31 crore by Dharmananda Diamond Company's Lalji Patel and his son Hitesh Patel," District Collector Rajendra Kumar announced at the close of the 3-day auction at 5 pm.

Chaos prevailed in the last one hour of the auction and bids flew thick and fast for the suit, which according to reports, was worth Rs 10 lakh. No base price was fixed for the auction of the suit.

The opening bid for the suit with Modi's name in full-- Narendra Damodardas Modi-- vertically embroidered on the fabric to look like golden pinstripes was Rs 11 lakh on Wednesday.

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