Overall we strongly discourage it but it some factors should be weighed. Sports items, jewelry and furs are often consigned to charity auctions as an exciting draw. However, an unrealistic minimum bid from the consignor can sour an auction crowd. Also, it is required that bidders know in advance which items are consigned and have minimum bids. Why? Donors cannot take credit for their full purchase price if not all of their money is going to your group. Furthermore, if a consigned item only gets the minimum bid, your organization gets nothing. The consignor gets all the money from YOUR bidder.
Part of our service is to check out minimum bids being asked for by consignors. Since we are in the business of market values and have access to those values many others do not, we can offer sound advice on expected values.
"How many items should we have in our live auction?"
This is our most frequently asked question with no hard and fast answer. Our experience tells us that, with rare exception, a live auction held in conjunction with a dinner/awards event should never take more than 45 minutes. Auction crowd interest begins to decline after 30-40 minutes if there is a schedule of dancing, award presentations, keynote speakers, etc. Therefore, less than 15 items is optimal. For more casual, less-formatted events that number can be increased to 24 without significant effect.
"What should we include in our live auction?"
Here is where you need an experienced benefit auctioneer. Generally, benefit auctions succeed when there are unusual items offered for live bid. Get creative! Look for the unique things that have a wide appeal or something that we all have said to ourselves, "I wish I could do that/go there" work best. A fundraiser auction is the time to tap into the connections donors may have with potential items! Usually someone knows someone who can donate something unique like a tour of a rarely seen work location, a corporate suite to a sporting event, lunch with a celebrity, a chance to be in a one night play, etc.
Avoid having any items in your live auction with a minimum bid. Since the items are usually donated, you basically have nothing to lose by NOT having a minimum bid.
If you have a donor who insists on a minimum bid, it may be best to decline the donation or place it in the silent auction with the minimum posted. Our well-planned consultations will ease your mind if you are worried about not achieving your auction goals. This information and other tips are all part of our fee.
"What should we include in our silent auction?"
Silent auctions are an important, reliable portion of an auction. People enjoy them, especially those who may be a little shy of a live auction. Retail gift certificates, handmade items, eye-catching gifts like champagne baskets, hotel coupons, baskets, etc., are great selections. Our general advice is to put items that have an immediate cash value in a silent auction. For example, a $50 gift certificate that has been donated will generally bring 80-120% of its value in a silent auction. Several of these types of entries can make your silent auction very profitable. More information and tips are also included in our fee.
"We have a local celebrity who wants to be our auctioneer. What should we do?"
Let us include them in the auction! A local celebrity can enhance your auction in many ways. John can play off of them and use them to get more bids during the auction. John comes prepared with the knowledge of the celebrity making a melding of the minds easy with your group as the benefactor.
"Okay, we'll use a professional auctioneer, but why should we use YOU?"
Along with the experience of 18 years as an auctioneer, John's wit and humor coupled with his writing and acting training as an improv actor at the world famous Second City Training Center and Improv Olympics in Chicago is a special touch no other auctioneer can duplicate. John studied with the likes of Nia Vardalos, Stephen Colbert, Jon Favreau, and the late Del Close while honing his skills. His writing and selling talents benefits your auction also! John draws on his radio & TV commercial writing and acting experience talents to spice up your items - not only for your program BUT during the auction, too!
Being able to think on your feet is something every good auctioneer must do. Being entertaining while doing it is something few can do.
"Other auction companies charge a flat fee for benefit auctions. Why do you charge an appearance fee and a commission?"
Because it’s cheaper for the organizations that hire us. It truly is a win-win scenario.
We have discovered many groups operate on a small budget and do not have the one-time, up-front funds to hire a professional auctioneer. We know this first-hand as our flat fee often stopped committees from hiring us in the past. Now, with this plan, most any size organization can afford the minimal appearance fee. The commission part is not only an additional incentive for us to make more money for your function but the additional payment can be rationalized as being paid for by the bidders on auction day and NOT from your budget.
Even groups with an established budget love our plans because the lump sum money appropriated for an auctioneer can be moved to other departments like advertising, entertainment, supplies, etc.
In all cases, we promise, we can get at least 10% more on your live auction items than using a non-professional. Win-win.
OUR FOUR "BEST SUCCESS" PLANS
Bronze Plan
10 items or less in live auction.
Unlimited pre-auction phone consultation.
$250.00 appearance fee plus 10% of total bid amounts from live auction.
Silver Plan
1-15 items in live auction
One hour in-person consultation plus unlimited phone consultation.
Bid cards and clerking sheets provided.
$350.00 appearance fee plus 10% of total bid amounts from live auction.
Gold Plan
1-24 items in live auction
Two hour in-person consultation plus unlimited phone consultation.
Bid cards, clerking sheets, silent auction bid forms, plus two auction-day associates provided.
$550.00 appearance fee plus 10% of total bid amounts from live auction.
Platinum Plan
1-24 items in live auction.
Two and one-half hour in-person consultation plus unlimited phone consultation.
Bid cards, clerking sheets, silent auction bid forms, plus five auction-day associates provided.
$850.00 appearance fee plus 10% of total bid amounts from live and silent auctions.
All plans include auctioneer in tuxedo and associates in business attire.
We have many answers to your questions about our charity and fund-raiser auctions. Please call for a free phone consultation and a list of references.
Consider the many advantages of Prigge Auctions!
How Can We Earn Your Business?
847/888-3870