Charity auctions are conducted in various formats. And one of the most popular of these is the silent auction. Many non-profit organisations prefer silent auction because it offers a long list of benefits.
Here are some exciting features of silent auctions everyone ought to know.
Silent auction is a type of auction of raising funds for a cause. Typically, the items offered for auction are donated by sponsors or individuals who support their chosen organisation’s cause.
As the description suggests, a “silent” auction is where attendees place bids “silently” in writing through a provided bid sheet. The idea of silence here works in two ways, in which the first one is by writing (thus without a host) and second by representing themselves through anonymous bidding numbers.
Similar to a live auction, bidders get to see the displayed items for auction, like art pieces, jewellery, gift certificates or sports memorabilia. These items are placed in a room along with the respective descriptions and bid sheets beside them during the event. The guest who placed the highest bid gets the item at the end of the auction.
Running a silent auction requires a lot of work but can be a successful endeavour when planned properly. The following aspects will help you through with your silent auction fundraiser.
Drafting a comprehensive set of rules that will be implemented during the silent auction is an effective way to maintain order during the event.
You may develop your event rules that include the following:
Aside from the silent auction rules, many event organisers adhere to the following auction’s dos and don’ts that can help make events successful.
A silent auction is proven as an effective fundraising event. It can raise more funds that your organisation can use to finance its causes. However, you should know how to run this type of auction to obtain the best results.
Learning the proper techniques to run the event is very helpful in establishing good working relationships with the attendees and future donors.