SUMMARY
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A painting by renowned Filipino artist Juan Luna that was almost trashed fetched P46.72 million at a Philippine auction – breaking all records for a locally auctioned artwork. The painting, “¿A Do…Va la Nave?”, painted by Luna in Paris in 1885 features a boat full of passengers adrift in the ocean. A heated bidding war took place during the auction, managed by Salcedo Auctions. The booming art scene in the Philippines continues to encourage investors to bet on Philippine art.
Read the full story on Rappler.
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