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You could be forgiven for believing that anything associated with the fugitive Nirav Modi would be assumed to be tainted — and you would be wrong. When the Enforcement Directorate hired a private auction house to put Modi’s impressive art collection under the hammer, it found ready buyers, and the sale grossed Rs 54.84 crore. A subsequent sale that included some works of art as well as the family’s collection of bags and jewellery did just as well: Rs 53.45 crore. Warped? Not really. It all boiled down to one thing — provenance.
Who a work of art belonged to
