The Nano car which is hand painted by artist Bose Krishnamachari, fetched Rs 13,01,402 (USD 22,438) at the international exhibition of contemporary art ‘Kochi-Muziris Biennale’.

The 24-hour online bidding for 'Maximum Nano' started at 8pm on Monday and ended at 8.30 pm on Tuesday, bringing down the curtains on the country's debut art car auction.

Though the auction house, Saffronart, had not fixed any base price, the first bidder quoted Rs 10 for the car which originally costs Rs 1 lakh. The website, which conducted the auction, had estimated that the car would be sold at a price between Rs 10 lakh and Rs 16 lakh.

The money collected through the auction would go to Kochi Biennale Foundation, a public charitable trust.