Download Word Auctions Templates For Free

Thinking and writing creatively can inspire bids: 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. ... Include details regarding a certificate of authenticity as well as the company name issuing the certificate.

A bid sheet is a document that is included along with the proposal to detail the estimated price and proposed schedule of a construction project.

Determine the fair market value With auctions, bidders are looking for a deal. You should set the starting price below fair market value to show your guests the potential for a great deal. Setting the starting bid around 25-30% of the fair market value gives bidders the chance to win the item well below market value.

How to Price Silent Auction Items: 6 Rules to Follow Research the Known Price of Tangible Items. Consult with Supporters to Estimate the Value of Intangible Items. Set a Minimum Bid at 30-50% of an Auction's FMV. Set a Higher Minimum Bid for Unique Auction Items. Start by Increasing Bids by 10% of the Item's FMV.

Silent Auction Bid Sheets This information includes Auction Name, Item Title, Item Tracking Number, Item Descriptions (and any restrictions), Bid Amounts and Minimum Raise, and Contact Information for the hosting organization.

The top of each bid sheet should include the following information: Enticing auction item title. Detailed description of the item, including the name of the donor/sponsor (if not anonymous) Item number. Item's retail price or fair market value (FMV) Minimum starting bid. Required bid increment amount/minimum raise.