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The Grammy Charity Online Auction, sponsored by The Recording Academy, is on through May 20, 2010. A wide selection of music and memorabilia from famed artists are being auctioned off to the general public. All proceeds raised will directly benefit The Grammy Foundation and MusiCares.

This year’s special charity auction is presented in partnership with Kompolt Online Aunction Agency, a California based online aunction agency, focused on securing the highest quality of merchandise sale. Managed by professionals, buyers are guaranteed bona fide VIP experiences, bidder pre-qualifcation, and the authenticity of celebrity autographed items to ensure overall customer satisfaction.

A few of this year’s auctioned items include music memorabilia from Neil Young, Kings of Leon, Green Day, Colbie Caillat, James Taylor, Elton John, Jackson Browne, John Mellencamp, Dave Matthews; a Red Hot Chili Peppers signed model Gibson guitar; a guitar signed by stars including Beyoncé, Carrie Underwood, and Lady Gaga; a meet and greet VIP experience with Michael McDonald; a DJ AM signed iPod Classic with his own personal playlist; a Lynyrd Skynyrd signed remo drumhead; celebrity-signed memorabilia from the 53rd Annual Grammy Awards and more.

The Grammy Foundation was first established in 1989 in an effort to preserve, assess and bring appreciation to recorded music. Its impact on the burgeoning musical trends within American culture can be observed through music education programs, scholarships and grants nationwide.

You can access the auction here.

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