Summary:
The auction at Balapur began in 1994 with a bidder, Kolam Mohan Reddy, winning the laddu for a small bid of ?450. | Photo Credit: G.
Ramakrishnamore-inThe famous Balapur laddu was auctioned for ?16.6 lakh here on Sunday, setting a record. The highest bid that won the laddu was placed by Srinivas Gupta of the Balapur Arya Vaisya Sangham. Another bidder, P.
Ram Reddy, had raised the bid to ?16.5 lakh before Mr.
Gupta placed the highest bid. Lucky all the way: Srinivas Gupta, who placed the highest bid, carrying the laddu after winning it..