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SBD Global/June 21, 2012/Olympics
LOCOG To Auction Off Olympic Torches To Offset Games Costs
Published June 21, 2012
HOT SELLER: Meanwhile, REUTERS' Keith Weir reported that an Olympic torch carried by footballer David Beckham has "attracted bids" of more than £1,500 ($2,300). Organizers said the funds raised "would help to offset the cost of the torch relay and of staging the Games themselves." Organizers denied that the website "was set up in response to some participants selling their torches on the eBay auction website" (REUTERS, 6/20).