this story originally appeared in on jan 20 2017mumbai a fleet of that beer mogul vijay mallya once owned including some vintages and classics went under the s on wednesday attracting bidding from enthusiasts the cars ranged from porsche boxster convertible to the rolls royce 204 phantom and classics romeo and maserati several of the vehicles carried an attractive reserve price and saw bids the e auction by delhibased quippo auctions aperson who keeps a close tab on cars their said mallya owned more than 150 at one time through his various companies on wednesday the auction house put 40 odd on sale and most found total proceeds from the sale were nt known the wo nt go to the businessman who fled india in march year after being chased by banks for loan repayments or lenders which are trying to recover thousands of crores that they say owed these cars united the indian subsidiary of uk liquor major quite the new owners of united spirits are nt of the expensive hobbies of mallya the former promoter of the company had a fascination for vintage and fast well as race horses at the auction enthusiasts ratcheted up the bid price several over for select cars a bidder that et spoke to said his plan was to refurbish the and retirement take it on a road trip but in the end he did nt buy any united confirmed the this is in line our earlier announcement that we would be monetising non assets said a a quippo auctions executive said the to the e auction was good auction started at 4 and saw some hectic bidding driving the final price on some to to ten times the reserve price the bids went on for several rounds as some bidders raised bids steadily by rs 10000 in every round as were outbid by equally earnest rivals intensity of the bidding could be gauged by way the price for the rolls royce phantom went along the reserve price of the super car was fixed at 12 lakh but went for rs 52 lakh the money accrue to united spirits lesson for lenders perhaps banks that have failed so far to find any takers for mallya s real estate could borrow the idea from this auction of keeping the reserve price a person auction process said high reserve prices were for keeping buyers away from the villa in goa kingfisher house in mumbai that the banks had put on auction a participant in wednesday s auction who not want to be named said the vintage cars a steal at very base price but as progressed went