Prada is auctioning off prototypes from the S/S 08 show... (view all items +more info after the jump)

Each Tuesday, you can start bidding on new items. The bidding war on the pants pictured above ends in a couple of hours, but no need for tears. As of later today, you can get your hands on one bag and two pairs of boots.

Each auction starts at 12 noon Central European Time (or 3AM in Los Angeles and 6AM in New York) and will last for seven days. Orders can be placed from 217 countries.

Proceeds from the auction go to the San Raffaele Foundation, an Italian institution concerned with medical research, clinical work, and training.

www.prada.com