WATCH: Sale of P63-million 'Spoliarium' boceto in Manila


Posted at Sep 27 2018 05:26 PM

MANILA – Ever wondered how an artwork worth millions of pesos is sold here in Manila?

Salcedo Auctions gave the public a glimpse of what it calls “the year’s most important art sale” through a video posted on its Facebook page on Thursday.

Held at The Peninsula Manila in Makati City last September 22, the auction was for a boceto of Juan Luna’s renowned “Spoliarium.” 

It was sold for a whopping P63 million, with the final price of P73,584,000 inclusive of buyer’s premium and taxes. 

The “Spoliarium” boceto was bought by a phone bidder represented by Salcedo Auctions director Ramon E.S. Lerma, beating a “high-profile couple well-known in Philippine business and social circles.”

Bidding for the artwork started at P25 million.

Watch the highlights of the auction below: