Online Auctions Raise Value of Charity Gifts


CNET is reporting that online auctions raise value of celebrities' charity gifts. This can only be a good thing. Simple economics shows that with more potential buyers, the price of a good or service will rise as a result; the extra raised revenue would help the charity even more.

Charities have long sold items owned by celebrities, but eBay and the Internet have pumped new life into this fund-raising technique, increasing returns exponentially.

“The Internet increases your reach, drawing people from around the country and even internationally,” said Sheila Consaul, a United Way spokeswoman.

Of course the only time when this wouldn't be a good thing is if it was me or Dave trying to bid haha ;).

Link: Online auctions raise value of celebrities' charity gifts

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