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Quick Edit | Mammon worship

Quick Edit | Mammon worship
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First Published: Tue, Nov 02 2010. 11 10 PM IST
Updated: Tue, Nov 02 2010. 11 10 PM IST
Popular wisdom has it that Indians are obsessed with cricket and films. Now, the wisdom of the markets indicates otherwise. In an auction on eBay, a lunch with billionaire investor Rakesh Jhunjhunwala, the role model for most amateur investors in India, received a bid of Rs 14.02 lakh. That beat the Rs 12 lakh bid a coaching session with cricketer Sachin Tendulkar received, and also the Rs 10.02 lakh a lunch with actor Amitabh Bachchan did. The proceeds of all three auctions, organized by eBay, are to go to charity, although one can safely assume that financial, not philanthropic, motives were behind a Gujarat-based market analyst’s decision to bid the winning amount for the opportunity to break bread with Jhunjhunwala. It is apt that the auction comes when Indian markets are at a high, and two days ahead of Diwali—when many Indians worship the goddess of wealth.
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First Published: Tue, Nov 02 2010. 11 10 PM IST