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Shocking! Auction of a liquor store in Rajasthan began at Rs 72 lakhs, ended at Rs 510 crore

It was bought by two women from the same family. One of them was named Kiran Kanwar. This very instance caused mayhem not just in the village but around the state as well when the news spread far and wide

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Hanumangarh: In what can be considered absolutely shocking, a liquor shop was put under the hammer in a village in Rajasthan’s Hanumangarh district that started at 11 am and ended beyond midnight, with people quoting sky prices for it. 

It started at Rs 72 lakh and it kept increasing as the prices kept coming in. According to Aaj Tak, the auction eventually ended at 2 am where the highest price quoted was a whopping Rs 510 crore! You are reading that right, it was actually beyond 500 crore!

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It was bought by two women from the same family. One of them was named Kiran Kanwar. This very instance caused mayhem not just in the village but around the state as well when the news spread far and wide. When the Excise Department heard of this bizarre bid, they were speechless as they did not expect it to go this high, timesnownews.com reported.

As soon as the auction ended, the department initiated the proceedings. Kanwar, the new owner, has to pay two per cent of the shop’s cost to the authorities. However, they are still trying to make sense of what just took place. 

As stated by the news organization, the shop was auctioned at Rs 65 lakh last year. Hence, the bidding began from Rs 70 lakh. 

Auction of liquor shops is a common custom in Rajasthan. At the moment, virtual bidding is taking place for 7,665 such shops in the state. Earlier, this system was abolished by ex-chief minister Vasundhara Raje. However, the current CM Ashok Gehlot restarted this again. 

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