Silent auction instructions: Fill out & sign online

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Why can't I retract my bid?

You can only retract a bid if the seller significantly changed the description of the item, or if you accidentally bid the wrong amount. Retracting a bid for any other reason is considered an invalid bid retraction.

Can you retract bid from silent auction?

If a guest asks for a bid to be removed early or midway through your auction, you have the option of telling them to just wait it out and hopefully get outbid. However, if there are ten minutes left and they want their bid removed, you'll likely need to choose between options one or three.

Can you retract bid from silent auction?

If a guest asks for a bid to be removed early or midway through your auction, you have the option of telling them to just wait it out and hopefully get outbid. However, if there are ten minutes left and they want their bid removed, you'll likely need to choose between options one or three.

Do silent auctions have minimum bids?

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.

How do you determine your starting bid for a silent auction?

Start by Increasing Bids by 10% of the Item's FMV Look to Past Events. If an item has performed really well at a past event and a same (or similar) item will be present this year, increase the bid increment to 15% of the item's FMV. ... Rethink Pricier Items. ... Make the Bid Increment Visible. ... Round to a Whole Number.

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