Pros and Cons of Different Auctions

When deciding on the auction type that would work best for you and your charity fundraising event there are a lot of things to consider to ensure you are making the right decision for your event and the auction items you have gathered.
This list of pros and cons will help you in that process!

Live Auction: 

Pros	Cons
Creates excitement for bidders. Can increase bidder activity. Non-bidders can be encouraged to bid by seeing others bid.  Social competition can increase bids. Can see items in person. Add entertainment to an event.	Can lose the interest of attendees not bidding.  No privacy for the bidder. The bidder must be present in the room. Higher start prices for each item. Auctioneer needed

Silent Auction:

A silent auction is an auction in which sealed bids are submitted beforehand or during the charity fundraising event privately.

Pros	Cons
Privacy for bidders. Creates anticipation for bidders. Auction can be happening in the background of another event or presentation.  Can see items in person before bidding.	Less excitement when bidding. Open for a certain period of time, bidders need to stay on location from open to close. Can be forgotten about if happening during an event with other activities or presentations, resulting in fewer bids. Less pressure, will most likely bid lower.

Online Auction: 

An online auction takes place via the internet, you can sell or bid for products and services online. This can happen before, during, or after the charity fundraising event.

Pros	Cons
Attracts more bidders to auction. No event planning is needed because it is online, which will save money. Auction can be open for a longer time frame, allowing for higher and more bids.	Can lose the interest of attendees not bidding.  Less excitement when bidding.   No social aspect. Bidders do not receive items the day of, need to be shipped or picked up. Cannot see items in person before bidding. Less pressure, will most likely bid lower.

Auctions & iBid

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