A diamond trader from Surat won Narendra Modi’s pinstriped monogrammed suit for a whopping Rs4.31 crore after three days of bidding
A Surat-based diamond trader Friday won the bid of Prime Minister Narendra Modi’s pinstriped monogrammed for Rs4.31 crore.
Earlier, the scramble to possess the controversial suit of Prime Minister Modi grew with Surat-based diamond trader Mukesh Patel making a staggering bid of Rs2.31 crore on the last day of the auction. Patel had earlier offered Rs2 crore, but later raised the bid through a written offer of Rs2.31 crore to Rs4.31 crore.
“I had lost courage as the bidding amount kept on increasing. Then I talked to my business partner who showed readiness to make the bid of Rs2.31 crore,” said Patel, who came to the auction venue with his business partner Sanjay Movaliya.
“We will go ahead as per our capacity. We wish to contribute to the ‘Clean Ganga’ mission and that is the reason we have increased our bid,” he said.
The auction at the Science Convention Centre closed at 5pm, after which the articles will be handed over to the highest bidder.
Prior to Patel, a Haryana-based company’s MD offered Rs2.09 crore for the suit.
There have been 11 bids so far on Friday, with four offers of more than Rs2 crore to claim the suit that Modi wore at his meetings with US President Barack Obama during his India visit last month.
Prior to Mukesh Patel, Haryana-based LPS Bossard’s MD Rajesh Jain, through his representative Himanshu Parmar, made an offer of Rs2.09 crore for the suit. This was the second bid by Jain, who had earlier offered to buy the suit for Rs1.85 crore.
“The good cause of funds going to ‘Clean Ganga’ mission is the motivational factor for the bid. Besides, it is the responsibility of the industries to make bid for a good cause,” Parmar said.
Earlier, another Surat-based diamond trader Hitesh Patel had offered Rs2.08 crore, which was his third bid of the day after Rs1.61 crore and Rs1.75 crore.
“I have made the bid of Rs2.08 crore for the Modi suit. I don’t know how further I will go, but as this fund will be utilised to clean river Ganga, whatever I give would be less,” Hitesh said.
Earlier in the day, businessmen Lavji Badshah and Jayanti Aklara made a joint offer of Rs1.81 crore to purchase the monogrammed suit.
Mumbai-based businessman Vipul Shah, managing director of Asian Star, made a written bid of Rs2.05 crore, while prior to him Mukesh Patel offered Rs2 crore for the suit.
The other six bids made on the last day of the auction were less than Rs2 crore.
On the second day of auction Thursday, the highest bid was Rs1.48 crore for the suit.
The bidding for the suit had started with Rs11 lakh on the first day of auction.
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’.
Modi was photographed wearing the suit during his summit talks with Obama in Hyderabad House in Delhi on 25th January and at a joint media appearance that followed the meeting.
On closer inspection, photographs showed that the stripes were actually a monogram – Narendra Damodardas Modi – and embroidered on the fabric vertically.
The suit triggered a debate and Modi was slammed by his political opponents – especially the Congress and the Aam Aadmi Party (AAP) for wearing an expensive suit that some reports claimed cost nearly Rs10 lakh.
Amid the media hype surrounding the auction, Congress workers had Thursday protested outside the auction venue, calling the event an act of “self-publicity” by Modi.