STYLETHREAD -- LET'S TALK SHOP!

Members Login
Username 
 
Password 
    Remember Me  
stylethread site home page -> stylethread forum -> general chat -> Silent Auction/How to set the minimum bid?
Post Info TOPIC: Silent Auction/How to set the minimum bid?
Collette


Chanel

Status: Offline
Posts: 4387
Date:
Silent Auction/How to set the minimum bid?
Permalink Closed

So my benefit is tomorrow and I have some amazing things for the silent auction. Does anyone know how you decide on what the minimum bid should be? say for a $1200 TV what would you start it at? Ahhh overwhelmed and confused!

__________________
I'm thinking balls are to men what purses are to women. It's just a little bag, but we feel naked in public without it. Carrie Bradshaw
relrel


Marc Jacobs

Status: Offline
Posts: 2065
Date:
Permalink Closed

Is this the type of bid where people write down their bid and put it in a basket/box on the table? I would just type up a little note to attach to the item or on the table that says "minimum bid $XXX". I've been to a couple different silent auctions and that's always how they've been done.

__________________
"But I want you to remember, I intend this breast satirically." Susan from Coupling

http://qtipsandmammoths.blogspot.com/
nunzi182


Kate Spade

Status: Offline
Posts: 1486
Date:
Permalink Closed

I just read somewhere online that you normally start the minimum bid at 20% of the retail value, so according to that rule the TV should start at $240.

ETA:

The link I found that info on is:

http://www.wikihow.com/Run-a-Silent-Auction


-- Edited by nunzi182 on Friday 17th of April 2009 01:38:57 PM

__________________
Collette


Chanel

Status: Offline
Posts: 4387
Date:
Permalink Closed

Thanks ladies!

__________________
I'm thinking balls are to men what purses are to women. It's just a little bag, but we feel naked in public without it. Carrie Bradshaw
nunzi182


Kate Spade

Status: Offline
Posts: 1486
Date:
Permalink Closed

So Collette, how did the auction go?

__________________
Collette


Chanel

Status: Offline
Posts: 4387
Date:
Permalink Closed

nunzi182 wrote:

So Collette, how did the auction go?


Fantastic! The whole event itself raised over $7000 to help my sister and her husband with their medical bills. Plus it was a whole lot of fun!

 



__________________
I'm thinking balls are to men what purses are to women. It's just a little bag, but we feel naked in public without it. Carrie Bradshaw
Kelly


Hermes

Status: Offline
Posts: 5919
Date:
Permalink Closed

That is awesome!!

__________________

Fashion is art you live your life in. - Devil Wears Prada | formerly ttara123
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
stylethread site home page -> stylethread forum -> general chat -> Silent Auction/How to set the minimum bid?
Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse 		Powered by ActiveBoard