Family of deceased tycoon puts his 23 cars up for sale, seeking to raise Ksh.35M


The family of deceased city tycoon and car dealer Ramesh Kumar Gupta has put his 23-cars up for sale.

The collection, which includes a majority of classic and non-classic cars, will be auctioned on November 13 through the administrator of the tycoon’s estate – Veeral Shah and Roma Wadhwa.

According to a brochure the family will be seeking to raise a minimum of Ksh.35 million from the sale based on the bids listed.

Gupta’s collection features a variety of classics including world renowned brands such as the Bentley, Chevrolet, Porsche, Ford, Peugeot, Citroen and Mercedes Benz.

The most expensive vehicle in the collection is a Mercedes Benz valued at Ksh.9 million while the least costly machine in the collection is a Porsche body shell valued at Ksh.60,000.

Gupta, 75, was killed in April 2016 when suspected gangsters raided his house in Parklands, Nairobi.