Nirav Modi's art collection fetches Rs 54 crore

A rare oil painting by the 19th century artist Raja Ravi Varma—now a non-exportable national treasure—illustrating the welcoming party for the third Duke of Buckingham and Chandos, Richard Temple- Grenville, on his official visit to Trivandrum in 1880 fetched the second highest hammer price of Rs 14 crore.