How Does a Secret Bid Silent Auction Work Compared to a Tech Auction?
Updated: May 13, 2022
The difference between a Secret Bid Silent Auction and an interactive Technology Auction.
How Does a Secret Bid Silent Auction Work?
This is the ‘traditional’ way to run a silent auction, without the need for (or cost of) expensive hardware and Wi-Fi technology. Lots are normally featured in a special brochure or in the main event programme and guests write down their highest bids (Auction Direct use bid slips for this) which are collected and collated by the auction organisers.
At the close of the auction, donated items are sold to the highest bidder. Supplied items which may have more than one available, can be sold two or three times to several bidders who may all want to win the item. Multiple sales can make a big difference to the bottom line of funds raised.
How Does a Technology Silent Auction Work?
Bringing the wow factor to the big screen (or screens) at your event, a ‘Tech’ silent auction is a competitive auction with each Lot sold to the current highest bidder upon closing the auction. Current winners are displayed in stylish graphics on the event screen/s, while guests register and bid using their own mobile phones or using tablets supplied.
Some providers create a web-based platform allowing bidding away from the event (prior to and on the night), while others create a ‘closed network’ with no reliance on a venue’s Wi-Fi for things to run effectively. Auction Direct technology features both a closed network created by us at the venue plus an online access – giving the best of both worlds.
Silent Auction vs Tech Auction
Which best suits your event?