The amount was handed over to Chief Minister Pinarayi Vijayan by a KBF delegation led by the foundation's President Bose Krishnamachari, KBF said in a statement.
As per the arts-based foundation, Vijayan hailed the endeavour as a sign of KBF's social commitment, showing the artists' care and concern for their fellow beings, and called for further cooperation from the cultural world towards the government's 'Rebuild Kerala' mission.
The January 18 auction titled 'Art Rises for Kerala' in Kochi had sold donated artworks of about 40 artists from India and abroad, including Gulammohammed Sheikh, Anish Kapoor, Dayanita Singh, Francesco Clemente, Anju Dodiya and K.M. Madhusudhanan.
The auction, conducted by Mumbai-based Saffronart and the KBF, was held midway the fourth edition of the Kochi-Muziris Biennale, a major art event for the Indian art world.