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How do you display items in a silent auction?

Item display sheets. For items that are not present, or do not have a physical display (i.e. certificates, trips, gift cards), framed item display sheets should be used to inform your guests that these items are available in the auction. Tiered items. Eye level. Catchy/concise item descriptions.

How many items should you have in a silent auction?

As a general rule of thumb, you should have no more than one item for every two people at your event. By building silent auction packages, instead of putting out single items, you can reduce the number of lots in your silent auction. But, don't panic if you are slightly over.

How do you value 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.

What are the rules for a silent auction?

Silent Auction Bidding Process To place a bid on a silent auction item, bidders write in their bidder number and their bid amount on the bid sheet. Incremental bids that don't meet your minimum incremental bid amount are invalid bids. All decisions by the Action Chair are final.

How do you participate in a silent auction?

To run a silent auction, start by asking local businesses for donations, including goods and services, so you have items to auction off. Then, assign each item a number and create bid sheets with the corresponding numbers on them, so guests can bid on the items.

Should you put a value on silent auction items?

Each item of a Silent Auction should be valued at the Fair Market Value. This value must be listed on the Bid Sheet at the auction table, as well as in any printed list of the auction items.

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