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July 18, 2008, Newsletter Issue #147: Charity Auction
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Tip of the Week
A charity auction is an auction whose goal is to raise money for charity. The format varies from auction to auction, but revenues are usually generated from donated goods. The goods are then sold to the highest bidder and the money raised, usually after expenses, is given to the charity. Charity auctions often target a specific charity or seek to raise money to provide charitable relief of some kind. Frequently, an auction house will offer to hold a charity auction free of charge, waiving their usual fee.
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