how does a silent auction work (Business Opportunities - Other Business Ads)

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Item ID 2473698 in Category: Business Opportunities - Other Business Ads

how does a silent auction work


A silent auction is a fundraising event where items or services are offered for bidding, but unlike a traditional auction with an auctioneer, participants submit their bids silently on a sheet of paper or through a mobile app. The highest bidder at the end of the predetermined time wins the item.
So, how does a silent auction work?
Item Display: Various items or experiences, often donated by sponsors or supporters, are displayed with accompanying descriptions and bid sheets. These can range from artwork and collectibles to vacation packages and gift certificates.
Bidding: Participants peruse the items and write down their bids, including their name and contact information. Some silent auctions have minimum bid increments to maintain fairness.
Closing Time: The auction has a set end time when all bidding must cease. Typically, an announcement is made to signal the closing.

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Last Update : Dec 11, 2023 8:08 AM
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Item  Owner  : getultimateauction
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2024-11-26 (0.392 sec)