Types of Auctions

What Are the Types of Auctions?

When you hear the word auction, just like most people, you would think of an item being sold at a suggested or starting price that’s set by the seller. There’s the bid caller, also known as an auctioneer who calls or auctions the property in an ascending-bid manner. This auction is the English type, the most common form of auction, but it is just one of the many types of auction you can do.

An auction is the process of selling goods through a process known as bidding. An item is offered to the bidders at a starting price and sold to the highest bidder. The word auction, which came from the Latin word augeō, means “I increase.” This was used as early as 500 BC. During the Roman Empire, soldiers would auction off their spoils of battle after a military victory, with their proceeds going toward the war effort.

With the increasing use of charity auction or a fundraiser auction as a way of raising funds for many organisations, wouldn’t it be good to know the different types of auction? Here’s an article that covers the different types of auction and which one you should host for your organisation. This will surely help you in your auction planning.

Types of Auctions

According to the order in which the auctioneer quotes prices and the way bidders offer their bids, here are some types of auction.

  • Ascending-bid auction

Also called English auction, ascending-bid auction is the most common type. It is most often used to sell wine, antiques and art.

As the name implies, this auction is where potential buyers bid against each other, until run times out or the bidding is exhausted. The auctioneer starts the bidding at the lowest price he is willing to accept for the item at auction or a reserved price which may be zero. Whenever a bidder has expressed interest at that price, the auctioneer calls out and solicits further bids. The price is usually increased at a predetermined bid increment. The bidding continues until no one is willing to increase the bid any further, and the final bidder wins the item at their bid price. This type of auction is also known as a first-price auction because the winner pays the bid.

  • Descending-bid auction

This type is also a first-price auction and known as Dutch auction. It differs from an English auction in that the auctioneer starts at a high price that’s higher than what the item may fetch. The price decreases until a bidder is willing to take the offered amount. This is why it’s called a descending-bid auction. The winning bidder pays the item at the price at which they made the call.

A descending-bid auction is commonly used in flower markets in Holland, hence the name “Dutch.” An advantage of using this type of auction is its speed as the process takes relatively little time.

  • Sealed-bid auction or Ballot Bidding®️

While bidders are aware of how much other bidders bid for an item in English and Dutch auctions, this is not the case in a sealed-bid auction. In this type, the bidders submit their individual bids in a sealed envelope, a piece of paper or in Ballot Bidding® forms if you’re going to work with us. When all of the envelopes are opened or the forms are checked, the highest bidder is announced. That winning bidder receives the item at the bid price made. 

  • Silent auction

In silent auctions, items are displayed for the guests to assess, place bids on and buy. They are called silent auctions because there’s no auctioneer calling out or crying out for bids. What happens is that the guests place their bids silently and anonymously on a bid sheet or through their mobile devices. 

In addition to these types of auction based on the order in which the auctioneer quotes prices and the way bidders tender their bids, other types of auction based on how they’re being done are live or online auctions.

A live or ballroom auction is an onsite auction that’s commonly done on premises, such as a sale yard, auction house or related property. An auctioneer or bid caller is present to call for bids on items being sold. In this type of auction, bidders openly compete to buy, and they can observe the behaviour of other bidders. 

An online auction enables bidders to participate or bid on a certain item by submitting their bids by computer or mobile device over the Internet. In this flexible and convenient type of charity auction, all bidders see the same information within a specific duration. Online auctions can also come as an ascending-bid auction, descending-bid auction and silent auction.

What Type of Auction Should You Host?

There are so many forms of auctions, and you should host what best suits your goal or fundraiser auction plan, the one that will give you the most results or revenue. The type of auction you should host may also depend on the nature of items you will auction.

Lending You a Helping Hand 

Are you trying to set up a charity auction? Or do you need help with auction planning?

Whether it’s a silent auction or a traditional one, Helping Hand Group can assist you with no upfront costs to you. We can help you with every aspect of your charity auction event. We can provide you with rare and exciting auction items, event planning staff and even a professional auctioneer, and you don’t need to pay us. We only get a profit when the auction items are purchased at your event.

Let’s start planning for your charity auction today. For more details about this partnership, contact us.

How To Organize The Perfect Fundraising Gala

Organising a perfect event is essential, but it requires significant time, effort and expense. And no matter the cause, it’s vital to create fundraising ideas that would not only generate profits but would also last for years to come.

Hosting a gala is one of the most popular events organised by charity fundraisers because it easily fits into all types of organisations, both big and small. It is a great opportunity to recognise your organisation’s success and to connect with your donors on a personal level.

When you organise a gala gathering, it can either be a formal and regal event or a casual social gathering with a small or large guest list. However, even with the resources online, devising the program flow can be challenging, especially if you are incorporating several activities. With that, it’s always crucial to engage with the best fundraisers to oversee the planning process.

Why Create a Fundraising Campaign

Two of the valuable reasons why organisations put so much effort in creating an event is to raise money and raise awareness. To do this, activities, such as dinners, auctions or tournaments, are planned carefully.

There are so many types of fundraising campaign initiatives that you can do to achieve your goals. Events like peer-to-peer fundraising, crowdfunding, online fundraising, text-to-give campaign and social media campaign are some of the creative ways to showcase your organisation’s brand.

1. Find New Potential Donors

Successful fundraisers know how to target the right audience to increase the organisation’s effectiveness. As an organiser, you have to know who your donors are so when you reach out to new supporters, your strategies will lead to a positive outcome. The more you know about your existing donors in the community, the more you will be able to come up with creative and strategic fundraising event ideas for your campaign.

2. Ensures Consistent Funds To Support Activities

Firstly, funds are the reason why you are able to run operations. Having a regular flow of funds sustains your organisation’s mission, vision and goals. If you can’t raise money, ultimately, the organisation will cease to operate. The good thing is that ideas for fundraising are truly limitless. Understanding your goals will provide you with numerous activities to include in your event.

3. Maintains Support From Existing Donors

Taking good care of your existing donors is just as essential as getting new ones. Supporters are the lifeblood of any charity or non-profit fundraising affair. Therefore, knowing what motivates them to give is vital to your lasting relationship.

To really create an impact on your supporters, your organisation must show good stewardship to the donor money. One of the reasons why donors give to your fundraiser event is their personal connection to your cause. When they can see the impact of their generosity, they will trust your organisation and will continue to give more.

How to Organise a Fundraising Gala

1. Devise a Program That Meets Your Fundraising Gala Goals

Your goals are important to ensure that you are heading in the right direction and to assess your event’s success. Whatever your goals are, they should be an essential part of the planning process.

2. Decide on Your Gala Theme

Deciding on a theme will bring fresh experience to your supporters. From the food, venue and decorations, you can spark more personality, enjoyment and excitement. Moreover, with your theme, you can narrow down your options, making it easy for you to go through the planning process.

If you are not sure what theme to use, get creative with some of the popular themes like Masquerade, Black Tie Event, Wild West, Tropical or even Hollywood theme.

3. Create a Realistic Budget

As with any other fundraising event, budget is crucial if you want a return on investment. A definitive budget must include actual costs of expenses, as well as the projected income.

Even a small gala requires a budget that would completely cover the expenses. It also means that while it is important to stay within the budget, it should not compromise the quality of the event. If your budget is limited, look for creative ways to make your gala event stand out. The best events are often a result of meticulous planning and innovative schemes which strikes the right balance between increasing donors and keeping the costs down.

4. Incorporate Creative Ways to Encourage Donations

In today’s technology, people have more access to donate a portion of their money to any cause. And as an organiser, you must adapt to this change because registrations and admissions are not just enough to earn profits. So, be ready to incorporate any method that would generate more contributions. Encourage donations through text-to-give, donation kiosks or social media links.

5. Include Several Fundraising Ideas

Engaging with your supporters is one of the key successes when organising a gala event. Therefore, you have to incorporate the main event that would draw people to your cause.

One of the great ways to highlight your gala is to include auctions because your guests can bid on their favourite items. Hosting an auction as part of your gala requires a professional team to procure items.

Helping Hand Auction Services

Although there are many ways to organise a gala fundraising event, the key to success is to always engage with a reliable fundraising event team.

Not sure what items to include in your gala auction? Let us help you. Helping Hand is a leading auction service that has already built a strong reputation throughout Australasia.

At Helping Hand, we provide auction ideas for fundraisers, credible auction items and services to take your event to the next level. More importantly, we have the right people with high expertise to run your event.

Why hire Helping Hand? Because our team can bring success to your organisation. This is our profession and with years of experience, we can provide you with the most comprehensive auction event service there is.

So, if you are looking for fundraising ideas in Australia for a large crowd or easy fundraisers for small groups, call us and we will discuss better options with you.

Can You Get Head Start on Collecting Bids? Yes! Promote Your Auction Items Before Your Event

Best practice: Get your guests excited about the items that will be up for auction at your fundraising event! Pre-promoting your auction item list provides the opportunity to engage with your guests early and let them know what to expect during your auction. In some cases, you can even get them bidding early! Our team can help with pre-promoting your silent auction items.

Pre-promotion is available for both our Ballot Bidding (paper-and-pen) and Electronic Silent Auction programs! Here’s how both work:

Ballot Bidding:

▶ When your Ballot Bidding form is finalised, a PDF version can be emailed out prior to the event. Our team can also provide a JPEG version that can be uploaded to social media pages and feeds.

▶ If your guests wish to place bids prior to the event, they can print out the form, fill it in, and scan/send it back to one of our staff members. Alternatively they can email our staff with their details and bids.

Electronic Silent Auctions:

▶ When your site auction dashboard is finalised and loaded, a unique URL is generated and it is ready to be sent out via email or social media.

▶ Our team can provide you with the HOW TO BID instructions for people to register via SMS. Your guests simply register for the auction and then they can browse/bid on items.

Extra tip: Pre-promote your auction item list along with special call-outs on important details about your event such as start times, parking reminders, changes to entertainment, or other special announcements.

Contact our team to learn more about how we can help you pre-promote your next fundraising auction.

Fundraising Auctioneers: Unique Skills and Customised Approach to Auctioneering

Live Auctioneer for Fundraising Auctions Jason Kazanis helping with fundraising ideas.

Did you know that there exists a specific type of live auctioneer that specialises in fundraising auctions?

Fundraising auctioneers have a unique, tailored approach to hosting live auctions that can significantly improve guest participation, bidding, and overall fundraising results. Helping Hand Group has developed a network of fundraising auctioneers over more than two decades who assist our team at hundreds of fundraising events throughout Australia, New Zealand, Singapore, Hong Kong, and other countries in Asia. Our team has witnessed improvements in size and number of bids due to the specific skills that fundraising auctioneers bring to live auctions held at fundraising events.

Live Auctioneer for Fundraising Auctions Jason Kazanis in action auctioning off autographed Bruce Springsteen Guitar at fundraising event.Fundraising auctioneers are different than other auctioneers who focus on items such as cars, equipment, property, or livestock.

Fundraising auctioneers work with fundraisers on a regular basis and have developed the experience and skills required to effectively engage with different types of audiences that attend fundraising events. Fundraising auctioneers conduct their auctions in a different way because participants are bidding based on a different motive than, say, a standard property auction. During a property auction, participants bid based on their desire to own a particular piece of property at the best possible price up to their maximum bid. However, during fundraising auctions, participants not only bid based on their desire to own a particular item, but also to give generously to the benefitting charity. This is where fundraising auctioneers excel:

1. Fundraising auctioneers excel at tapping into the emotions of your guests to ensure that all guests are reminded of the purpose of the fundraising event – to give generously to your cause.

2. Fundraising auctioneers will connect with your audience with dialogue, gestures, and interactivity to get their attention, maintain it, and ensure they know how to participate.

3. Fundraising auctioneers will find ways to encourage higher bids while running a fun auction with effective dialogue to encourage guests to start friendly bidding rivalries and push bids as high as possible for your cause.

4. Fundraising auctioneers make the auction items “come to life” by leveraging descriptive selling and promoting the benefits and usability of the auction item itself.

5.   Fundraising auctioneers can work within tight timelines to ensure that your event schedule stays on-time.

Live Auctioneer for Fundraising Auctions Richard Ernster in action auctioning in Singapore.Live auctioneers for fundraisers are flexible and can auction almost anything that you have to offer.

Fundraising auctioneers have the ability to present and auction off a wide range of auction items. Helping Hand Group has a variety of autographed memorabilia, themed items, unique experiences, and holiday packages that work well with our fundraising auctioneers. However, if you have acquired your own items – regardless of the value – our fundraising auctioneers have the skills to adapt and connect the value and theme of the item to your guests to ensure as many people are inspired to participate and bid as generously as possible.

Live fundraising auctioneers can be provided at no cost to your event budget.

Helping Hand Group can provide one of our live fundraising auctioneers at no cost to your event budget when our team also supplies five auction items to your auction list. Our team can also work with you to ensure that the type, theme, and value of the auction items are well suited for your guests to ensure the greatest opportunity for success possible. Our team covers our service costs when our auction items sell at your event. So, it is up to us to ensure that our team strives for the best possible results at your live auction!

Helping Hand Group maintains a network of fundraising auctioneers that can be made available to perform their services for your live fundraising auction.

Live Auctioneer for Fundraising Auctions Richard Ernster and team supporting fundraising auction in AustraliaContact our team to discuss the many options available to suit your next fundraising gala or corporate dinner auction.

How to choose the best auction items for silent auctions

What are the best auction items for silent and live auctions?

Does the value  or uniqueness of the item matter? Or perhaps the type of item?

Actually, both of these factors come into play in choosing the best auction items. Even more importantly, it is important to think about who you are inviting. What are they interested in? What do they gravitate to when they want to be entertained or relax? Everyone has a hobby, interest, or niche topic that you can appeal to with auction items tailored to them. The more you know about your guests, the better.  Start with demographics (age, gender, etc) and consider their jobs or where they live. If you know them better than that – great! What are their hobbies and interests? What do they do when they are want to go on vacation? Both general and specific information about your guests can point you in the right direction and choose the best auction items for great results.

What if I don’t know much about my guests?

That’s ok! A team of fundraising event experts like Helping Hand Group’s can walk you through the best auction items that suit certain crowds. A fundraising event expert can use past event experience to guide you towards items that tend to get guests excited for the auctions. This can lead to more bids, higher bids, and more raise for your cause.

What are some examples of the best auction items?

Vacation packages are a great place to start. They appeal to a wide range of event guests. However, autographed memorabilia can get certain guests very excited to join your silent or live auction. The best auction items are unique, stand-out, and cannot be purchased in stores. They often come in the form of items and artwork signed by musicians, athletes and artists.

Some examples of three fundraising auction item categories that our team has available – art, sport, and music memorabilia:

Elton John – Signed original LP framed as part of a larger tribute piece. One of the world’s best-selling artists. Elton John has a long list of achievements including multiple Grammy and Brit Awards, an Academy Award, a Tony Award and a back catalogue of hit singles from over 50 years in the music industry.

 

 

Charles Blackman – Framed ‘Alice on the Table’ print on artist paper. A Printer’s Proof from a Limited Edition, and featuring the embossed seal of the artist. A stunning piece from one of one of Australia’s greatest artists!

 

 

 

LeBron James – Signed and box framed LA Lakers jersey. With 3 NBA championships, 2 Olympic gold medals, and many other individual achievements to his name, LeBron James is recognised as the greatest basketballer in the world today. Stands shoulder to shoulder with the best basketballers in history and only time will tell if he can surpass them all.

 

Contact our team to discuss the many items we have available that would the best auction items for your next silent or live auction.

View more samples from our fundraising auction item list.

Australia’s BEST Charity Auctioneer, Jason Kazanis

Are you looking for ideas to boost your fundraising auction total?

An experienced, effective Fundraising Auctioneer can make a significant impact on your fundraising total and the experience your guests enjoy during your live fundraising auction.

Jason Kazanis is the Head Auctioneer for Helping Hand Group, and rated as Australia’s best Charity Auctioneer. Jason (or the other top Auctioneers from Helping Hand Group) can raise your event TENS of thousands more. This due to his precise fundraising skills. Helping Hand Group will provide Jason at NO-cost to your next event, so that not only will you raise far more, you will not have to pay $1,000+ for his incredible skillset!

Here are 5 key reasons why Helping Hand Group Auctioneers are the very best for fundraising auctions:

Live Auctioneer for Fundraising Auctions Jason Kazanis in action auctioning off autographed Bruce Springsteen Guitar at fundraising event.

1. Helping Hand Group Auctioneers excel at tapping into the emotions of your guests to ensure that all guests are reminded of the purpose of the fundraising event – to give generously to your cause.

2. Helping Hand Group Auctioneers will connect with your audience with dialogue, gestures, and interactivity to get their attention and maintain it. They will also ensure they know how to participate in the fundraising auction.

3. Helping Hand Group Auctioneers will find ways to encourage higher bids while running a fun fundraising auction with effective dialogue to encourage guests to start friendly bidding rivalries. This competitive process leads to the sale of ‘Multiples’, which can double, triple or in some cases, quadruple, your donation amounts!

4. Helping Hand Group Auctioneers make the fundraising auction items “come to life”. They leverage descriptive selling and promote the benefits and usability of the fundraising auction items.

5. Helping Hand Group Auctioneers can work within tight timelines for the live auction to ensure that your event schedule stays on-time.

Want to have Jason, or another TOP Fundraising Auctioneer at your next event? Contact us today!

Read another story about Jason’s impact on a fundraising auction for Starlight Children’s Foundation here.

Marvel Items a Hit for Fundraising Auctions

Helping Hand Group is excited to announce a range of popular Marvel items. They are perfect for live or silent auctions such as Ballot Bidding to spark the interest of guests who are fans of the franchise!

Top Fundraising Auction Item #1: Avengers Endgame Signed Movie Poster

Extra-large framed movie poster, signed by 9 members of the cast. Robert Downey Jr, Chris Hemsworth, Chris Evans, Mark Ruffalo, Scarlett Johansson, Jeremy Renner, Don Cheadle, Brie Larson, and Paul Rudd. The record breaking latest chapter in the Marvel Cinematic Universe, critically acclaimed and on track to become the highest grossing film of all time. Undoubtedly the biggest superhero film in history – own a piece of history!

Top Fundraising Auction Item #2: Autographed Vintage Comic

Stan Lee, Chris Hemsworth and Robert Downey Jr signed vintage The Avengers  comic. Stan Lee was the founder of Marvel and creator of The Avengers. Chris Hemsworth and Robert Downey Jr have brought the characters to a whole new generation as the stars of the film franchise. With Stan Lee tragically passing in 2018, this is without doubt a collectors’ item.

View more of our auction items for fundraisers here.

Contact a Helping Hand Group Fundraising Event expert near you for more information about this range of fundraising auction items.

Planning a fundraising event? Here are 5 tips to help you make it a success

Planning an event can be very stressful and hectic. It is also be a fantastic way to raise a significant amount of money for your special cause. That being said, there is a long list of variables that need to come together in unison to create an effective fundraising event.

Our team has put together a shortlist of the top five fundraising event tips and best practices.

Fundraising Event Tip #1: Set your event budget

It is important to ensure that your ticket price will cover most of your event costs. This will ensure that the funds you raise will go directly to your cause. Set and secure sponsorships as early as possible as this also helps cover other expenses involved with putting together the event. 

Fundraising Event Tip #2: Plan your run sheet

It’s important that the event flows in the most important way to maximise fundraising. Ensure guests are well fed, ‘watered’ and entertained before really emphasising why they have all come together for your event.

Use a heartfelt speech or video that tells the story of your cause in an emotional way to appeal to you guests. This should make sure everyone understands the impact of their donations Then, ensure you go straight into your Live Auction. This is the most crucial time to drum up funds.

Important note: Ensure that food service is not happening during the Live Auction. Guests should not be distracted by dessert or their food. You want their full attention on the auction items.

Fundraising Event Tip #3: Keep the activities fun and entertaining

Do something different. Create a spark! Wow your guests to encourage them to donate and spend money. Consider including competitive games such as heads and tails, balloon raffles, or Helping Hand Group’s Last Donors Standing Format as a way to engage with your guests.

Use your table centrepieces as a way to raise funds. It is most likely that you’ve spent money to make the room attractive. Use them as a lucky draw with raffle tickets with one winner at each table!

Try out a unique venue location indoors or outdoors that offers a special view, architecture or décor. Consider pairing your event up with a public event that is planned in close proximity to your venue.

Fundraising Event Tip #4: Be well organised ahead of time with proper help to reduce stress and workload 

Consider bringing in a third party fundraising specialist (such as Helping Hand Group) to ensure your auction is stress free! They take care of everything such as bringing in big ticket items, providing the bidding platforms for you to facilitate your auctions, and providing a smooth, care-free auction process.

Don’t leave finding donations to the last minute. Plan ahead and reach out to your network and chase people up persistently to ensure they confirm all details so you can plan and promote your auction lists well in advance.

Start selling event tickets early. Planners have been known to often leave this detail to the last minute. Focusing on guest attendance should be a high priority as this is the hardest element of the event sometimes.

Note: If you will use an electronic silent auction platform, connect your ticketing system with your auction platform. This promotes registration before your event so your guests don’t have to spend time doing it at your event. Speak to a Helping Hand Group staff member today about how we can help you do this!

Fundraising Event Tip #5: Post-event Follow Ups and Thank Yous

Take the time to use the data you’ve collected from your event to thank people for their contributions. This could include your prize purchasers, your volunteers, people who donated items or people who donated their time helping you put the event together. It’s a small gesture that can go a long way when planning your next event.

Helping Hand Group can handle all your post-event auction tasks such as chasing outstanding winners for payment, handling item deliveries and ensuring guests get their vouchers and have a great time using their prizes!

Contact a Helping Hand Group Fundraising Event Expert near you for more information and tips for your next fundraising event.

Helping Hand Group’s $10,000 Golden Hand Paddle a hit!

Looking for a good fundraising idea for your next fundraising event or corporate Gala?

Helping Hand Group continues to lead the fundraising world by providing innovative ways to engage guests and inspire giving. In 2018,  the team developed a brand new way to take fundraising events to the next level. The $10,000 Golden Hand Paddle provides an instant boost to the amount of money available to bid on your auction items. It starts with an exciting raffle that sees one lucky event guest win the pot ($10,000) to bid on any auction item. Then, this winner can bid competitively against other guests on items to help drive up the value of bids. In the end, the Golden Hand Paddle pot is donated to your cause.

With several Golden Hand Paddle auctions successfully conducted, it is safe to say that nothing beats the excitement and fun of this innovative way to raise an additional $10,000 from your fundraising auction!

Want to learn more? Read more about the $10,000 Golden Hand Paddle here.

Contact Helping Hand Group today to learn more about how this program can add a $10,000 boost to your next event’s fundraising total!

Treat your guests to some sunshine! Host an outdoor fundraising event for summer

Hosting a fundraising event at an outdoor venue can not only take advantage of the beautiful summer weather but also provide a great environment for your guests to enjoy and get involved with your fundraising activities.

Combining an outdoor component with your event schedule can create a new way to engage guests in your live and silent auctions. Pre-dinner drinks & champers outside, for example, are a great way to introduce everyone to your event and cause. This time can also be used to introduce your guests to the fundraising auction items and inform them on how they can participate or buy a ticket for pre-auction programs such as Helping Hand Group’s $10,000 Golden Hand Paddle (read more about this here).

Our team has supported and hosted hundreds of events over the last two decades and events with an outdoor component have been unique, memorable and most importantly – successful! Pictured here is our team at the Sydney Cricket Grounds and the Royal Randwick Racecourse in Sydney. We supplied and displayed a series of fundraising auction items plus ran the Ballot Bidding (classic paper-and-pen silent auction) on behalf of the fundraising event organising team as a complement to their fundraising event.

Contact our team to discuss ideas for outdoor venues in your area that could add a special touch to your next fundraising event.

Helping Hand Group specialises in providing items for fundraising auctions including holiday packages, art, signed memorabilia and experience packages designed to help fundraising event teams maximise the effectiveness of silent and live auctions.