You've probably heard of a "calcutta" style auction at a rodeo...basically, the spectators (and the participants, or anyone else, for that matter) have an opportunity to "buy" their favorite cowboy or cowgirl.  Then, when the dust settles and the winners are announced, the buyers who purchased the winners of the rodeo get a percentage of the calcutta "take".  The rodeo winner takes home the prize money, and the calcutta winner takes home the auction money. 

Makes sense?

In our case, we will be auctioning off the athletes who are participating in the 12 Days of Christmas Challenge.  The auction commences on Friday, December 10th.  Place your name and bid next to the name of the athlete you think will have the fastest time for the 12 Days of Christmas Challenge full workout on Wednesday, December 22nd.  Last chance to bid is 6am on Wednesday the 22nd.

After the athlete auction is complete (separate auctions for men and women), the auction money is combined into the total "take".  A portion of each calcutta (10%) is taken off the top, and goes toward the new equipment fund.  The remainder of the calcutta take is combined and the person(s) whom purchased the athlete that completed the workout the quickest win the remaining money.  The two fastest times (two men, two women) determine the winners of the calcutta.  The 90% is paid out at 50% for for the fastest time, and 40% for the second fastest time.

The athlete with the fastest time gets the Challenge money, the calcutta winners get a percentage of the auction money and everyone gets new equipment from the new equipment fund.  WE ALL WIN.

Questions?  Ask Paul