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MUMBAI:A Ganesh idol, the costliest item gifted to Lalbaugcha Raja in the last 85 years, was auctioned on Thursday for ₹35.75 lakh.
The idol, with an approximate value of ₹42 lakh, is made of gold and has a diamond encrusted crown.
The gold idol, weighing approximately 1.2kg, held a base price of ₹31 lakh.
The auction value for the gold idol is more than the highest bid of ₹34 lakh last year, for which, gold legs weighing less than 1 kg, were auctioned.
Meanwhile, the second highest item to be auctioned was a gold biscuit, weighing around 1 kg, which was sold at the price of ₹31.25 lakh.
However, the total collection for the auction this year is expected to be less than last year, which was ₹1.58 crore.
At the time of going to print, the auction was still on, as a result of which, the final amount was not available.
“This year, we held an auction for only one day as compared to three days in previous years, which is why, a lesser amount is expected. The other items will be sold till Saturday at our office,” said Balasaheb Kamble, president, Lalbaugcha Raja Sarvajanik Ganeshotsav Mandal. Among other unique products that were auctioned was a silver flower with American diamonds on it, a mace and a miniature ship.
The copper mace with a silver coating, having a base price of ₹21,000 was auctioned at ₹65,000, Gaurav Chandwani, a Worli resident, who bought the mace said he has been coming to the auction for more than 15 years.
“I have a lot of unique items purchased from the Lalbaugh auction, which include a sword and another mace.”
“I had also purchased a mace seven years ago, when I had come with my father. This year too I felt like I should get one,” said Chandwani.
The mandal collected ₹6.56 lakh cash in 11 days from various boxes placed as compared to ₹6.14 lakh last year.