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Old 20th January 2017, 11:50   #16
GTO
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Default Re: Auction of Vijay Mallya's Vintage Cars

More information on the auction

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The Porsche Boxster finally changed hands after a bidder raised his bid to Rs 10 lakh.

Porsche carried a reserve price of Rs 8 lakh and a bidder said the car will need heavy repairs to make it roadworthy again. The Mercedes G-Wagen that carried a reserve price of Rs 2 lakh was bid up to Rs 13.10 lakh while the Maserati got Rs 41 lakh, after starting at Rs 10 lakh.
Quote:
The intensity of the bidding could be gauged by the way the price for the Rolls-Royce 204 Phantom went along. The reserve price of the super luxury car was fixed at Rs 12 lakh, but it went for Rs 52 lakh. The money will accrue to United Spirits.
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