Lady Gaga teacup fetches $75,300
Tuesday, May 08, 2012
With more than 1,300 bids, the week-long auction finished yesterday, with a top offer of 6 011 000 yen, Yahoo! Japan, which managed the charity event, said. The cup was used by Lady Gaga at a press conference in Tokyo three months after the massive tsunami of March last year swamped a large stretch of coastline._Lady Gaga told reporters at the time that she would auction the cup, marked with her lipstick and bearing the Japanese message "We pray for Japan" along with the star's autograph.
All the money raised will be used to help young Japanese artists who want to study in the United States. The teacup was one of a number of items being sold to raise money for those affected by Japan's worst post-war calamity, and was the second most expensive lot. The top-priced item was a Kawai crystal piano used by Yoshiki of rock band Japan X, which went for 11 001 000 yen, Yahoo! Japan said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...