How do you make a bid sheet for a silent auction?

How do you make a bid sheet for a silent auction?

How Do You Bid on a Silent Auction Sheet?

1. Get your bidder number.
2. Browse items and identify “must haves”
3. Write name on silent auction bid sheet.
4. Use bid increments to calculate your bidding price.
5. Write the bidding price in the bidding price box.
6. Continue to check back throughout the event to avoid being outbid.

How do you do a live virtual auction?

For example, a virtual auction can be completed with these seven stages:

1. Decide on a type of virtual auction.
2. Procure auction items.
3. Promote your event.
4. Choose online auction software.
5. Create a virtual auction catalog.
6. Open bids for a set period of time.
7. Check out and ship items to winners.

How do you organize a live auction?

4. How to Plan a Live Auction

1. Step 1: Set a goal and budget.
2. Step 2: Recruit an auction team.
3. Step 3: Solicit auction items.
4. Step 4: Pin down a date and location.
5. Step 5: Hire an auctioneer.
6. Step 6: Promote the event and sell tickets.
7. Step 7: Promote your auction items.
8. Step 8: Set up the live auction.

How do I write up an auction item?

Use the same bold font for the auction item title. Include a few bullet points with crucial information (some people will only read the bid sheets). Display the auction item number prominently. Add 12-15 lines for bids—not too many, not too few.

What should the minimum bid be in a silent auction?

Set a Minimum Bid at 30-50% of the Item’s FMV Now that you have established the fair market value for all of your silent auction items, the starting bid for each item will be calculated from that value.

Can you run an auction on Zoom?

Zoom recently introduced the ability to send the meeting video to different streaming services, including ClickBid’s EventStream. This means that any Zoom Pro account can host a meeting and send that meeting’s video to ClickBid bidders while they bid on auction items.

How many items do I need for a live auction?

In most cases, live auctions should present 7-12 items at the most. Presenting your guests fewer auction items that have a higher value and will sell well is always better than offering too big of a selection.

How do you display items for an online auction?

It’s important that auction items not only look appealing to donors, but that donors know exactly what they are buying….1. Display All Information Upfront

1. Item title.
2. Item information (this is where you can get creative to market the item in an appealing way)
3. Any restrictions or expiration dates.
4. Location.
5. Minimum bid.

How do you run a silent auction in person?

19 Steps To Running a Successful Silent Auction

1. Assemble your team. Identify who will help you organize the silent auction.
2. Make a plan.
3. Find a venue.
4. Source high-value items.
5. Pre-promotion and publicity.
6. Create item description sheets.
7. Create bid sheets.
8. Get silent auction software (optional)

What sells well at auctions?

Some of the most popular auctions are those that involve household items, or livestock or antiques. But auctions involve so many more possessions: automobiles, office equipment, art, machinery, industrial equipment, electronics. One very rapidly growing area is real estate.

How do you determine starting bid for a live auction?

Determine the fair market value You should set the starting price below fair market value to show your guests the potential for a great deal. Setting the starting bid around 25-30% of the fair market value gives bidders the chance to win the item well below market value.

Can you bid lower than starting bid?

If the final bid does not reach the minimum bid, the item remains unsold. In other words, the starting bid can be less than the minimum bid, but the item cannot be sold until it reaches the minimum bid.

How does a zoom auction work?

These Auctions work exactly the same way as a public auction only from the comfort of your own home. Using Zoom it allows the auctioneer to not only call the auction live virtually, but we are able to see the bidders actively bidding no matter their location.

How do I host a silent auction online?

How to run a silent auction online:

1. Set up your silent auction online. Choose the right software for your online silent auction.
2. Promote your virtual silent auction. People need to know that you’re having a virtual silent auction.
3. Run the auction.
4. Keep your bidders informed.

How do I run a Facebook auction?

Here’s how:

1. Step 1: Create a Facebook Group. Groups on Facebook are collections of people with a shared interest (in this case, supporting your auction).
2. Step 2: Update Group Settings.
3. Step 3: Post Your Auction Items.
4. Step 4: Take Bids in the Comments.
5. Step 5: Collect Payment and Distribute Items.

How much money can be raised in a silent auction?

A rule of thumb is that live auction items will produce 65-75% of their retail or fair market value, while silent auctions will result in 50-65% of their fair market value.

What is the difference between a live and silent auction?

Live auction: An auctioneer (preferably a professional) is at the helm, and people in a live audience call out or otherwise indicate their bids. The highest bidder wins. Silent auction: Participants at an in-person event write bids on sheets of paper placed next to displays of the items up for auction.