LOUISVILLE, Ky. (AP) -- Republic Bank has offered the winning bid of $600,000 for a prize ham auctioned Thursday at a Kentucky Farm Bureau charity event in Louisville.
Farm Bureau President Mark Haney said the money from the 16.9 pound ham produced by Broadbent B&B Foods of Kuttawa will go to Kentucky charities.
The $600,000 was a bargain compared to last year's winning bid, a record-setting $1.6 million.
The Farm Bureau's charity auction has become a Kentucky tradition, dating back to 1964. The money always goes to the charity of the winning bidder's choice.
The winning bids over the past over the last 10 years have averaged about $460,000.
(Copyright 2011 by The Associated Press. All Rights Reserved.)