Gandhi's Pocket Watch Goes For Over 2 Million Dollars In Controversial Auction
'Lot 364' closed way above the estimate price ($20-30k) at 1.8 million dollars. That price increased to $2,096,000 including the buyer's premium (an amount over the final bidding price charged to the buyer). It was by far the highest price a lot for this current auction had reached. The winning bid came from Vijay Mallya, the wealthy owner of King Fisher Beer (and Airlines) of India (is that like having a Budweiser airlines in the US?). His complete plans with the items and pocket watch are unclear. While the Gandhi relics will go on public display, it is unclear whether they will be given to the Indian government or remain in private hands.
Some content via MSN News and Anitquroum.
Ariel Adams publishes the watch review site aBlogtoRead.com.