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Mahatma Gandhi's memorabilia:Vijay Mallya highest bidder

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Mahatma Gandhi's memorabilia went under the hammer at the Antiquorum Auctioneers early on Friday morning (India time) in New York after hours of high drama. Lot 364, featuring effects of Mahatma Gandhi, had a reserve price between $20,000 and $30,000. The room inside was packed and included officials of the Indian Consulate in New York who had earlier spent the day conferring with the highest bidder, a representative of Vijay Mallya. After frenzied bidding, the lot drew a bid of $ 1.8 million, for a total cost of $2.1 million including the buyer's premium. The last time a piece of Indian heritage went under the hammer, Mallya paid up Rs 4 crore (Rs 4 million) for the Sword of Tipu Sultan and got it back to India.

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