What Are The Rules For A Silent Auction?

How does a silent auction work?

How Does a Silent Auction Work.

At a silent auction, each item has its own specific bid sheet where guests can write down their bids.

That way, bidding stays anonymous and guests feel comfortable bidding against others, even friends.

Guests are allowed to bid on as many silent auction items as they want..

How many items should be in a silent auction?

A rule of thumb is to offer 1 to 1.5 items per bidder. This is the amount of product that provides enough scarcity to drive up bidding. To determine how many bidders to expect, analyze your audience.

What are good live auction items?

Here are our favorite charity auction items:Gift Baskets. Popularity ✓✓✓ Fundraising Potential $$$ … Sponsored Gift Certificates. Popularity ✓✓ Fundraising Potential $$ … Cooking Class. Popularity ✓✓ Fundraising Potential $$$

How do you ask for silent auction items?

Silent Auction Request LetterIntroduce yourself and your group.Include event description, date, time, and place.Explain your need, i.e. why you are raising funds.Explain their benefit, i.e. what’s in it for them.Specifically “ask” for their help.Give a psychological justification using “because”Include a donation form with contact information.

What’s a tricky tray?

The Tricky Tray, also known as a basket raffle or penny sale, is a common fundraising game used to draw in donors who can only give a little, but enjoy the art of competition and games of chance. Essentially, the Tricky Tray is a combination of a silent auction and a raffle concept.

Can you do a silent auction on Facebook?

To make a bid for the Online Silent Auction item, simply enter your bid amount in the comment section of the FIRST PHOTO in the album. … The winning bidder will be contacted, via Facebook message, to arrange payment (cash, credit, check) and to arrange pick up or delivery of book.

How do I make the most money in a silent auction?

Silent Auctions: A How-To Guide For Raising More MoneyProcure the most desirable items.Promote items in advance.Secure corporate sponsorships.Choose the right bidding method.Make a live appeal.

Are silent auctions worth it?

Silent auctions can be a great way to increase event revenue and entertain your guests. The very best events I’ve witnessed are those where the silent auction is viewed as a primary form of entertainment for the guests.

How long should a silent auction last?

1-½ hoursDon’t allow more than 1-½ hours for your silent auction. Don’t keep the silent auction open during the live auction or fund a need. Have a great sound system for making pertinent announcements. Have a professional auctioneer making announcements pertaining to the silent auction during this part of your event.

How do you win a silent auction?

Silent auctionsFirst, make your choice(s). Many items might tempt you, but force yourself to choose only a few that you really want to win. … Consider enlisting a buddy. No one wants to help a competitor, so pick someone who is bidding on different items. … Decide on a strategy. … Go in for the kill.

What is a good auction item?

Big Ticket Items. Travel Package. Signed Memorabilia. Custom Artwork. Children’s Author Reading.Mid-Range Sellers. Bar Crawl. Golf Lessons. Behind-the-Scenes Tours.All Budgets. “Best Pizza in Town” Gift Baskets. Personal Assistant.Additional Resources. Charity Auction Planning. Charity Auction Tools. Additional Auction Item Ideas.

Are silent auctions illegal?

Finally, the law in NSW requires that an agent must also; act honestly, fairly and professionally with all parties in a transaction. An agent must not mislead or deceive any parties in negotiations or a transaction. Silent auctions are auctions held without an auctioneer.

How do you set up a silent auction?

In a traditional silent auction, each item has a paper bid sheet. Participants place bids by writing their name, contact information, and bidder number on the bid sheet. If you’re using mobile bidding, they can place bids on their smartphones instead.

What items are good for a silent auction?

Outings and experiences can include a wide range of items, but some of our favorite include:Spa days.Local brewery tours.Sunset or harbor cruises.Museum tickets.Comedy nights.Hot air balloon rides.Outdoor activities (hiking, kayaking, bungee jumping)Theme park tickets.

How do you price a silent auction item?

Donated Items: For donated items, the starting bid should be 30% of the fair market value (FMV) of the item. For example, if an item’s fair market value is $100, you should start bidding at $30. Consignment Items: For consignment items, bidding should start at 10% above the cost of the item to the charity.