eBay auction items affiliated with a cause command higher prices, study shows
It’s long been assumed that people are willing to pay more for an item if they know a portion of the proceeds will go to charity. But do they really? Two professors from the Olin School of Business at Washington University in St. Louis collected data from eBay auctions. They compared prices of items on eBay’s regular auction with items auctioned through its “Giving Works” program where sellers choose to donate part of their earnings to a non-profit of their choosing. They found out that buyers are willing to pay a 5 percent premium on average for those items linked to a cause. More…
2005 Newman Gala to benefit the Catholic Student Center at Washington University
“An Evening in Paris” — well, actually in the Khorassan Ballroom of the Chase Park Plaza — is the theme of the 2005 Newman Gala, a fund-raising auction and dinner dance April 9 benefiting the Catholic Student Center at Washington University in St. Louis. The gala begins with cocktails and a silent auction at 5:30 p.m. (doors open at 5 p.m.). The event also includes an oral auction and, following dinner, dancing to Arvell and Company, a seven-piece band performing Motown and other classics. The fund-raiser is considered a vital source of support for the center, whose mission is to form students intellectually, morally, socially and spiritually through education, service and a worshipping community.