Red Cross to Auction Treasures to Cut Budget Gap
October 5, 2009 | Read Time: 1 minute
The American Red Cross will sell off dozens of the historic and art treasures it has kept stored near Washington as part of its effort to close a $50-million budget deficit, reports The New York Times.
The auction — which will include a Cartier clock lamp, original Christmas Seals, and a wax doll raffled off in 1864 to raise money for the care of Union soldiers — will begin next month and aims to raise $200,000. The charity will also save $3-million by shuttering its warehouse in Lorton, Va., and contracting out storage and archival operations.
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