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

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ABS-CBN News

<p>MANILA – Ever wondered how an artwork worth millions of pesos is sold here in Manila?</p><p>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.</p><p>Held at The Peninsula Manila in Makati City last September 22, the auction was for a boceto of Juan Luna’s renowned “Spoliarium.” </p><p>It was sold for a whopping P63 million, with the final price of P73,584,000 inclusive of buyer’s premium and taxes. </p><p>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.”</p><p>Bidding for the artwork started at P25 million.</p><p>Watch the highlights of the auction below:</p><div><script src="https://connect.facebook.net/en_US/sdk.js#xfbml=1&amp;version=v2.5" async="" type="text/javascript"></script></div><div class="fb-post" data-href="https://www.facebook.com/salcedoauctions/videos/691747641205280/" data-width="auto"> </div><div> </div>

<p>Ever wondered how an artwork worth millions of pesos is sold here in Manila? </p>