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The general rule of thumb is to not go above or below 30-50%. It is a balance of not starting the bidding too low and reducing the return on your auction, while also wanting bidders to be invested in the bidding process. With a less popular or less unique item, the lower range of 30% is recommended.
Set sensible bid increments The general rule of thumb for silent auctions is to make the bid increment 10% of the fair market value. If you've set the starting bid at 30%, you can reach 70% in as few as four additional bids. Anything above those four bids earns you an above average return on the item.
Be sure to include the retail value of the silent auction item. Provide the starting bid and the bidding increments. Craft a descriptive explanation of the item....Planning Designed in a clear, consistent format. Easy to read and understand. Contain only relevant information to the charity item being showcased.
Raffles are best for higher value prizes and times with you can have a large number of prizes. Both the value and odds of winning make the trade-off for the ticket price more appealing.
Be sure to include the retail value of the silent auction item. Provide the starting bid and the bidding increments. Craft a descriptive explanation of the item....Planning Designed in a clear, consistent format. Easy to read and understand. Contain only relevant information to the charity item being showcased.
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A silent auction is an event at which items for sale are displayed for attendees to assess, place bids on, and purchase. However, unlike most auctions, there is no auctioneer present, and participants place their bids silently and anonymously on a bid sheet using a bidding number\u2014hence the name silent auction.
A bid sheet is a document that outlines the details of the goods and services being procured. The buyer compiles information they receive from vendors into the spreadsheet. This could include information about the items sold, a breakdown of the labor and materials used, or pricing information.
How Do You Bid on a Silent Auction Sheet? Get your bidder number. Browse items and identify \u201cmust haves\u201d Write name on silent auction bid sheet. Use bid increments to calculate your bidding price. Write the bidding price in the bidding price box. Continue to check back throughout the event to avoid being outbid.

silent auction bid sheets