Modi's suit auction: Two businessmen bid Rs 1.81 crore

Five fresh bids were received today during the third and final day of the auction

Press Trust of India Surat
Last Updated : Feb 20 2015 | 2:48 PM IST
There was a scramble to claim Prime Minister Narendra Modi's pinstripe monogrammed suit with bids going higher on the third and final day of the auction here today as two Surat-based businessmen made an offering of Rs 1.81 crore.

Five fresh bids were received today during the auction, with businessmen Lavji Badshah and Jayanti Aklara making the highest offer of Rs 1.81 crore to purchase the controversial suit that Modi wore during US President Barack Obama's visit to India last month.

Badshah and Aklara had earlier offered Rs 1.71 crore, but increased their bid amount to Rs 1.81 crore after another businessman Hitesh Patel offered Rs 1.75 crore.

"We have great respect for Saheb (Prime Minister Narendra Modi) and as this fund will be utilised for Clean Ganga Mission, we preferred to make this bid," said Aklara, who came to submit a written bid.

The first fresh bid this morning of Rs 1.61 crore was made by Surat-based diamond trader Hitesh Patel. However, when others came forward, he raised his bid offering to 1.75 crore.

"I made the bid as the fund will go to 'Clean Ganga' campaign. That is the reason why I made the bid twice to get the Modi suit," he said.

Besides, trader Rajesh Jain made an offering of Rs 1.65 crore.

"I have very high feelings for the Modi suit as I consider it a national asset," Jain said after his bid.

On the second day of auction yesterday, the highest bid was from Surat-based diamond trader Mukesh Patel who offered Rs 1.48 crore for the suit. The bidding for the suit had started with Rs 11 lakh on the first day.

The suit, that kicked up a political storm, is being auctioned along with 455 items that Modi had received as gifts during his nearly nine-month long tenure, to generate funds for the Prime Minister's ambitious 'Clean Ganga Mission'.

The auction at the Science Convention Centre will close at 5 PM today after which the articles will be handed over to the highest bidder.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 20 2015 | 1:15 PM IST

Next Story