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What about auctioning university admissions to the highest bidder?
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The players will sign them for a university auction.
On 26 February 2010, the university auctioned the 3500-kilogram device to a scrap dealer.
Meanwhile, a total of 20,000 places have also been stripped from higher education institutions in England and auctioned off to universities and colleges charging average fees of £7,500 or less.
In the auction room, which resembles a modern university lecture hall, buyers sit on benches behind ascending rows of long tables.
In fact some gambling experts such as Professor Mark Griffiths of Nottingham Trent University, have called "penny auctions" similar to lotteries and called for similar regulation.
We believe that this would be less of a concern given that our auctions took place at the main University building, less than 50 m away from the classroom building and the main library.
Let's take a deep breath, because here they all are: SOAS, Senate House, Birkbeck, London School of Hygiene and Tropical Medicine, Kings College London, St George's University, the Barbican, Sotheby's auction house, Withers LLP, 100 Wood Street, LSE, John Lewis, Topshop.
Other recent casualties in the auction-rate market include universities like Georgetown, student loan providers like the College Loan Corporation, municipalities like Washington, states like Wisconsin and cultural institutions like the de Young Museum in San Francisco.
Jobs in the art market are fearsomely difficult to come by, which is why universities and auction houses have launched their own master's degrees concentrating on art as a business, aimed at would-be curators, auctioneers and collectors.
He and his colleagues recruited more than 200 university students and set up an auction-style program that asked them how much they were willing to pay for 60 different kinds of snacks, from M&M's to Fritos.
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