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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.
Do you put 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.
How do you plan a successful silent auction?
Encourage your guests to use your mobile bidding tools.
Don't make your silent auction silent.
Use an auction scoreboard or other visuals to keep up the energy.
Assign each bidder a number to simplify the bidding process.
Close your bidding strategically.
How do you do 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.
How do you determine starting bid for silent auction?
Starting bids depend on whether the item was donated or is being offered on consignment. 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.
How do you win a silent auction?
First, 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 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 pay at a silent auction?
Payment for items purchased must be made in full on the night of the auction to the cashier. Your Organization accepts cash, MasterCard, Visa, or a check made payable to Your Organization. Please allow 30 minutes after the silent auction bidding has closed before reporting to the cashier.
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.
How much do you start a silent auction at?
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 do you do at a silent auction?
During a silent auction, bids are written on a sheet of paper that is commonly placed before or next to the item. At the predetermined end of the auction, the highest listed bidder wins the item. This auction is often used in charity events, with many items auctioned simultaneously and “closed" at a common finish time.
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