Cheapest priced copy (Classic Sixth Edition): $5.99 at Card Kingdom, near mint, their price list as of .
Illicit Auction 
Sorcery · Rare · Classic Sixth Edition · #190
Each player may bid life for control of target creature. You start the bidding with a bid of 0. In turn order, each player may top the high bid. The bidding ends if the high bid stands. The high bidder loses life equal to the high bid and gains control of the creature. (This effect lasts indefinitely.)
Legal inCommanderLegacyVintage
Not legal inBrawlStandardPioneerModernPauper
2 printings · $5.99 to $6.49 at Card Kingdom
| Set | Number | Rarity | Card Kingdom | Foil |
|---|---|---|---|---|
| Classic Sixth Edition | 190 | Rare | $5.99 | — |
| Mirage | 183 | Rare | $6.49 | — |
One ruling from Wizards of the Coast
- 4 October 2004This is a life loss and not a life payment so you can bid more life than you have.