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Prior to this last convention, Bob Chambers, SS – 661, donated a Treasure Island $200 strike to the club with instructions that it was to be sold via auction at the club party which was to take place during the convention. The bidding was to start at $1000 and the full selling price would go to the club. During the convention just prior to the club meeting Bob informed the incoming President that he wanted to modify his donation, he changed it to one Treasure Island $200 strike a year for the next five years. Yes, a total of five Treasure Island $200s. All proceeds from each auction are to go to the club
Bob stipulated that the club was to auction off one strike a year each year at the club’s party held during convention for the next five years starting with the current convention. The first one to be auctioned would have a starting price of $1000 and the selling price of the first donated $200 would be the starting price of the next auction. This would continue on for all five auctions, that is the last selling price would be the starting price for the next auction. It was decided that Bob would hold each strike until time for the auction and should the club cease to exist the donation of any remaining strikes would be cancelled.
The first auction was held at the club party during this last convention. Don Barton was the winning bidder with a bid of $1450.00. Next year’s auction will start at $1450.00.
A BIG thanks goes to Bob Chambers.
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