Auctions

Brooke Astor Home Auction Fetches $18.8 Million in NYC
September 27, 2012

An auction of the contents of philanthropist Brooke Astor's two homes brought in more than $18.8 million, Sotheby's said Tuesday. Sotheby's offered 901 objects in all, including European and Asian furnishings, Old Masters, Qing Dynasty paintings, tea sets, silverware, jewelry, a porcelain menagerie, more than 100 dog paintings and even the uniforms of her domestic staff at a two-day auction that began Monday.

Proceeds will go to institutions and charities, including the New York Public Library and the Metropolitan Museum of Art, under a settlement negotiated by the state attorney general's office.

Rare Barrel of Kentucky Bourbon Lifts Nonprofit Spirits With $1,000 Bottle
July 26, 2011

Buffalo Trace Distillery wants to give a piece of history to charities. It’s offering nonprofits 174 bottles of Kentucky straight bourbon aged for 11 years in its Millennium Barrel and bottled on Dec. 31, 1999.

Nonprofits have until midnight New York time tonight, July 26, to request a bottle of Millennium bourbon. If chosen, organizations must auction it off for charity by Dec. 31. More than 150 charities have signed up, and Kris Comstock, Buffalo Trace’s brand manager, said the bottles could fetch bids of $1,000 each or more.

Consumers pay more for charity-linked products, spurring tornado relief
June 2, 2011

The wave of destructive tornadoes throughout the United States this spring has resulted in an outpouring of charitable donations. PGA Charities auctioned a broken Charles Barkley golf club on eBay to raise money for tornado relief. Ellen DeGeneres is auctioning sports memorabilia. Bruno Mars auctioned signed items.

While all donations help the cause, raising funds through eBay auctions can be particularly effective, both for consumers and sellers, according to research by a strategy professor at Olin Business School, Washington University in St. Louis.

Jay-Z’s New Year’s Eve, LeBron Jersey Fuel Charitybuzz Auctions
December 29, 2010

After the dot-com bubble burst and took down his online grocery store, Webvan Group Inc., Coppy Holzman got back in the game by auctioning unique experiences for charities, like a backstage meeting with Paul McCartney. Then he took it global on the Web.

With his Charitybuzz.com, Holzman serves as a broker who finds the celebrity and runs the online auction. Instead of an upfront fee, he gets 20 percent of the sale proceeds. He doubled Charitybuzz’s business to $25 million this year over 2009.