Auction Information

Hurricane Katrina Donations Could be Many Millions More - EBay Sellers Try in Vain to Help


Yesterday I saw a mention in someone's email ezine about a kind person who had an eBay auction with the proceeds going 100% to help victims of the horrible Hurricane Katrina.

It struck a chord with me because I had wanted to set up something similar, but found that the "eBay Giving Works" charity program seems to be terribly flawed for us small sellers. I had researched it the day before, eBay goes through Mission Fish to handle the administrative tasks and distribution.

Here in a nutshell is how I understand it works. You set up an eBay auction and pledge a percentage of the proceeds to go to a charity. You pick the one you like. If the auction sells, the buyer pays you, and Mission Fish charges your credit card, taking out $3.00 per transaction for their fees, plus 3% to cover credit card fees. That's reasonable, they need to cover their overhead and payroll expenses. Then Mission Fish sends the balance to the charity.

The minimum donation per item has to be $10.00. Again, so far so good, I can understand that.

Now, I noticed in the auction that I visited that the seller had set up a dutch auction, with 1000 "lots" available, each for $1.00 each, with the proceeds going 100% to her favorite charity that would get food to the Katrina victims. I was about to place a bid for several $1.00 lots (a dutch auction lets you "win" as many of the item as you like, all at the same price).

Then it hit me, why couldn't I do the same kind of dutch auction, maybe she had found the way to get around the $10.00 per item restriction, and found that it was a minimum $10.00 per auction. It would only make sense that it would work that way, since Mission Fish charges the seller's credit card, if all 1000 lots sold, that would be $1000 for the charity, Mission Fish would take $3.00 plus 3%, the seller would collect (hopefully) the $1000 from the buyers, and all she would be on the hook for would be the eBay fees. Those fees, plus her hard work, would be her personal contribution.

So I went back to eBay and Mission Fish and researched the deal again. I found out that sure enough, in a multiple item auction, Mission Fish requires a $10.00 donation from the seller for EVERY ITEM that sells in a multiple-item auction (dutch auction).

So, if the seller had 1000 lots at $1.00 each, and they all sold, Mission Fish would have charged her credit card on file for $10.00 for each lot, a total of $10,000.00! And they would have taken their $3.00 + 3% fee for each of those 1000 lots, more than $3,000.00 for their trouble!

At that point, I realized the seller either had deep pockets and was matching contributions 10 to 1, or she misunderstood what would happen to her. I sent her an email, and to end a long story, she indeed misunderstood, was obviously fairly upset at the prospect of paying $10,000, and ended the auction early.

Now, I'd like my readers to do one of two things. If you think that eBay and Mission Fish are mishandling the charity program, as I do, please contact one or both and point them to this blog entry, or just write your own letter with your thoughts.

You can contact Mission Fish here:
http://www.missionfish.org/Help/contactus.jsp

eBay is always more difficult to contact, but you can try starting here:
http://pages.ebay.com/help/contact_us/_base/index.html

The other thing you could do is support the eBay seller's cause, she had to end the auction but she took the trouble to set up a web page for donations, you can access and support it here:
http://www.flipidy.com/secondharvest.htm

Perhaps with enough pressure on Mission Fish, they'll get together with eBay and allow dutch auctions to be counted as a single donation, instead of multiple individual items, and encourage more charity in the future.

For those with homes, families, relatives or friends in the devasted area, my hearts and prayers go out to you. I hope this information will in some small way help someone somewhere.

Dennis Becker is author of a regular blog about different ways of earning money on the Internet, titled appropriately enough "Success On The Internet".


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Wall Street Journal

Game Theory Part of the Art of the Sky Deal
Wall Street Journal
LONDON—The same type of blind auction used to pick players in fantasy football leagues could decide the fate of Sky PLC, a media company that employs 30,000 people and has a stock-market value of $36 billion. Comcast Corp. on Saturday is slated to bid ...
Fox and Comcast are about to settle their $36 billion battle for Sky — here's what to expectCNBC
Sky takeover: Blind auction complicates bidding by Comcast, DisneyThe Australian
Comcast could blow Murdoch's Fox out of water with multi-billion pound auction bid for Sky in battle to own £26bn UK ...Daily Mail
CNN Money -CNN Money -List-manage.com
all 223 news articles »


The Packer

Massive fruit processing equipment auction scheduled
The Packer
Fruit processing and packaging equipment at a former Seneca Foods facility in Modesto, Calif., will be sold during a series of online auctions. The facility, used for packaging and warehousing the company's peach and fruit cocktail products, was closed ...



Architectural Digest

Memorabilia from Frank and Barbara Sinatra's Estate Will Be Up for ...
Architectural Digest
The live and online auctions will primarily draw from Frank and Barbara Sinatra's residences in Palm Springs and Malibu.

and more »


Business Insider

Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Weekend Auction
Wall Street Journal
The U.K. Takeover Panel, which polices deal making in the country, laid out rules for the auction on Thursday. It is a process the regulator hasn't run many times previously—and never before with such a large company as the prize. London-listed Sky ...
The fight for Sky may come down to a rare sealed auction this ...Business Insider
Fox, Comcast $35 billion takeover battle for Sky heads for one-day auctionCNBC
Comcast, Fox takeover battle for Sky to be decided by weekend auctionUSA TODAY
Reuters -MarketWatch -Bloomberg
all 868 news articles »


Art Newspaper

Red tape is stifling German auctions
Art Newspaper
German auction houses are struggling with increased bureaucracy and a shortage of high-quality consignments after the introduction of the country's cultural heritage protection law in 2016 by the culture minister Monica Gruetters. Some have even ...



Market Realist

Sprint's Plans before US Spectrum Auctions - Market Realist
Market Realist
The FCC (Federal Communications Commission) is planning to run two spectrum auctions beginning in November. The spectrum is anticipated to help mobile ...

and more »


South China Morning Post

Halt Hong Kong auctions ahead of laws on e-waste
South China Morning Post
Auctions have long been used by the government to get rid of confiscated items, surplus inventories and unwanted office appliances, and for good reason. Not only are they a convenient way to dispose of such items, but they also rely on market forces to ...



Reuters

Mexico's new president should postpone oil auctions: former Pemex official
Reuters
HOUSTON (Reuters) - A former Petroleos Mexicanos [PEMX.UL] board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to change the nation's energy law and should postpone planned ...

and more »


Autoweek

Bring a Trailer's LaFerrari auction was internet gold
Autoweek
The auction circus surrounding a 95-mile LaFerrari on Bring a Trailer concluded without landing the car a new owner. The high bid of $3,125,000 USD failed to meet the seller's reserve price. However, the real action during the auction was in BaT's ...



ArtfixDaily

CRN AUCTIONS, INC., ANNUAL SEPTEMBER AUCTION
ArtfixDaily
On Sunday, September 30th, CRN Auctions will conduct their Annual Fall Auction of antiques and fine arts at their gallery in Cambridge, MA offering a mix of items ranging in geographical origin and spanning the 17th through mid 20th centuries. Among ...


Google News

home | site map
© 2006