Laddu sells for a whopping Rs. 15 lakh

Balapur in Hyderabad, which actually started the trend of auctioning the laddu, saw the bidding stop at Rs.10.32 lakh.

September 28, 2015 12:00 am | Updated November 16, 2021 04:11 pm IST - HYDERABAD:

K. Madan Mohan Reddy carrying the Balapur ‘laddu’ that he bought in an auction, in Hyderabad on Sunday. –Photo: G. Ramakrishna

K. Madan Mohan Reddy carrying the Balapur ‘laddu’ that he bought in an auction, in Hyderabad on Sunday. –Photo: G. Ramakrishna

The city, on Sunday, bid adieu to scores of Ganesh idols amid record bids for the laddus.

The auction for Ganesh laddu at the pandal of Addagatta Society in Kukatpally on Sunday ended up with the highest bid of Rs.15 lakh. At Balapur, which actually started the trend of auctioning the laddu before embarking on the immersion, saw the bids crossing the Rs.10 lakh mark for the first time, and stop at Rs.10.32 lakh.

The Balapur laddu last year was auctioned for Rs.9.50 lakh and this year, it witnessed the auction getting more intense and the bids going up by Rs.82,000 more. A businessman, K. Madan Mohan Reddy, won the auction and described it as an ‘auspicious blessing to have won the laddu’. “I will distribute it among my family and friends,” he told presspersons.

The Addagatta Society laddu auction saw Chanti Reddy leaving other competitors behind by taking the bid to Rs.15 lakh, which could be the highest bid for a Ganesh laddu this year. At Madhuranagar, the auction ended at Rs.10.40 lakh.

The concept of auctioning laddus placed along with the idol having caught up, most pandal organisers conducted the auction this year. At Badangpet, the bids stopped at Rs.6.50 lakh and at the Raghuveer Bhakta Samaj Ganesh in Attapur, the auction went up to Rs.3.30 lakh. Even at smaller pandals in residential colonies, laddu auctions with successful bids ranging from a few thousands to lakhs have been going on since Saturday with the enthusiastic participation of the devout.

Balapur, which actually started the trend of auctioning the laddu, saw the bidding stop at Rs.10.32 lakh

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