Quick Answer: How Many Items Should You Have At A Silent Auction?

Do you put value on silent auction items?

Silent auctions These items are more likely to be tangible goods, and less likely to have a priceless, one-of-a-kind component (though many certainly do).

Should you still omit the price.

Our take: In most cases, skip the retail values and pre-populate bid sheets with good, reasonable minimum bid amounts instead..

What should starting bid be for silent auction items?

STARTING BIDS: 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.

What are the rules for a silent auction?

Rules For Silent AuctionsBy bidding in Your Organization’s silent auctions, each bidder agrees to these auction rules.All sales are final. … The auction item value listed is an estimate of fair market value. … Restaurant certificates do not include alcohol, tax, or gratuities unless specified.More items…

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.

Are silent auctions illegal?

Many nonprofits use games of chance and auctions as fundraising vehicles – without realizing that “legalized games of chance” are regulated activities, and indeed illegal in many states. So that poker night or silent auction that created such a buzz…

Do raffles or silent auctions make more money?

If tickets are $20, for example, you could sell a bundle of 6 tickets for $100. The donor may opt to buy the bundle instead of buying 3-4 tickets. That means more money for you and a free $20 ticket for them. Selling raffle tickets is a pretty traditional way to raise more money at a silent auction.

What companies donate to silent auctions?

Fundraising Auction SourcesAlbertsons – Often work with organizations they have a relationship with. … American Eagle – Check the website or call your local store. … American Girl – Is perfect for elementary events for kids under 12.AirTran – Click to see if their donation options work for your event.More items…

Can you bid more than once on a silent auction?

Guests are allowed to bid on as many silent auction items as they want. Once the auction is closed, the items go to the individual that made the highest bid.

How long should a silent auction last?

For most auctions that’s 90 minutes. But, many are going to wait until the last 5 minutes to really get down to the serious bidding. With that knowledge, plan on closing each silent bidding section in increments of 5 minutes.

What is a good auction item?

Live Auction ItemsTravel package. This is one of the most popular choices for auctions of all shapes and sizes. … Live artwork. Bidding on artwork at a charity auction is very common. … Pamper basket. … Signed memorabilia. … A personal chef for an evening. … Lottery ticket basket. … Homemade baked goods. … Season sports tickets.More items…•

What are good items to raffle?

Top 5 Raffle Prize IdeasElectronic Devices. Electronics are the number one choice for a raffle! … Gift Baskets. Gift baskets are very popular prizes. … Exercise Equipment. With our New Normal, people are staying in more. … Seasonal Products. Seasonal products make a great raffle prize idea. … Television. A television is always a popular raffle prize idea.

What is a tricky tray auction?

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.

What is a good silent auction item?

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.

What happens if you win an auction and don’t pay?

Should a successful bidder choose not to pay, an auctioneer has every legal right to seek payment for purchased items, including canceling the sale and reoffering the property without reserve. Typically a defaulted lot is either reoffered or returned to the consignor, but can be “tainted” to the marketplace.

How can I get donations to auctions?

The most efficient way to solicit donations from local community organizations is by email or postal letter. Designate one or two volunteers to focus on local organizations and start early, about three months in advance of your event.