I recently worked with an organization that wanted an item to sell for $20,000. With this information, I opened the bidding at $5,000 and increased the bids by $1000. The bidding was not lively and the client did not meet their goal. What I didn’t know was that last year, the item sold for $5,000. With that information, I would have opened the bidding at $1,000 and increased the bids by $500. This would have created lively bidding. But, because I was unaware of details of the success of this item last year, I was unable to tell the organization they set an unrealistic goal. In order to have the most successful fundraising charity auction event, set an overall goal for your fundraiser and agree on opening bids and increments.
For more Fundraising Charity Auction ideas and helpful tips on planning your next charity fundraiser, follow Generosity Auctions on Facebook or Instagram @GenerosityAuctions. Abra Annes is the leading Charity Auctioneer based in California. Abra is the owner and founder of Generosity Auctions, the premier choice for Non-Profit Organizations looking to maximize their event fundraising.