One advantage of a Silent Auction is that it can run for longer than a Live Auction, allowing more time for bidding and often, therefore, a higher selling price.
Whether a secret bid silent auction (on paper bid slips) or a competitive silent auction (using tablets and technology), most events will allocate a few hours of run time, with plenty of reference to the auction from the stage / Host, to keep everyone engaged with it.
Closing time for a silent auction is best preceded by a ten-minute countdown – drawing maximum attention – and should allow time for collecting payments before the guests depart (or head to the dance floor).
Comments