Live charity auctions are among the most effective fundraising events that many organisations use to raise money and finance their respective causes. For your event to be successful, you should select all the items that will appeal to your organisation’s donor base and ensure that these are something they would want to bid on.
Learn more about live charity auctions and see what items sell best.
What Items Sell Best at Auctions?
Different types of items sell well at live auctions, ranging from high-end collectibles and jewelry to more everyday household items like appliances or electronics. But, of course, the key to success when selling at live auctions is determining which items have the potential to fetch a reasonable price.
One important thing to consider when deciding what items to sell at live auctions is the current market demand for that type of item. You can look at online listings for similar items, as well as examine recent sales data and trends in the live auction industry. Items that are currently in high demand and have a history of selling well at live auctions are more likely to be successful.
Another thing to keep in mind when selecting items for live auctions is the potential pool of buyers. For example, suppose you’re auctioning off a piece of jewelry. It is important to consider whether there is a large audience of potential buyers interested in that particular type of item. Live auctions tend to attract a more affluent group of bidders, so it’s important to choose items that appeal to these buyers.
Some items that commonly do well at live auctions are as follows:
- Vacation packages
- Gift certificates
- Experiences
People are often willing to pay top dollar for these items because they know they will be able to use them and enjoy them. So if you are looking to maximise your profits, offering these types of items is a good way to start.
Another thing to consider when choosing items for your live auction is the event’s timing. For example, during a busy season, such as the holidays, you might want to focus on more popular or in-demand items that people will be willing to pay top dollar for. This might include the following.
- Tech gadgets
- Jewellery
- High-end home goods
However, if the event is during a slower time of year, you can get away with offering more unique or niche items that might not be as popular but can still attract some attention and fetch a reasonable price.
No matter what you choose to offer at your live auction, remember that the key is to appeal to as many people as possible. With many items to offer, sometimes it is best to group them into categories, so bidders will have more choices to make and turn the event exciting.
How Can You Make an Auction Fun?
People love surprises. If you are able to offer exciting items for bid, chances are people will bite for them.
Here are a few suggestions:
- Signed memorabilia
- Travel packages
- Tours (behind the scenes)
- Custom and unique art pieces
- Golf lessons
- Live entertainment (concerts)
What Can Be Donated to a Charity Auction?
Charity live auctions can be a powerful fundraising tool for many organisations, offering donors the opportunity to give back while also getting something in return. When deciding what items your donors should donate to live auction events, several factors should be considered.
- One of the most popular items commonly donated to live auctions is high-end jewellery. This could be anything from a diamond necklace or bracelet to luxury watches. These types of items are often in high demand due to their perceived value and the ability of potential bidders to wear them after the auction has ended.
- Other items that often do well at live auctions include rare art pieces, sports memorabilia or luxury travel packages. These items tend to be in high demand due to their exclusivity and desirability, making them excellent choices for live auction events.
- If you are looking for donors to a live charity auction or you ran out of fundraising event ideas, it is important to do your research. Look for an auction service company or organisation that offers auction items for your fundraising.
Helping Hand Group Auction Services: Lending You a Helping Hand
If you plan to organise a live charity auction and wish to make the event a success, hiring a fundraising event expert would be helpful. Doing this will ensure that the fundraising will go well and release you from the pressure caused by the need to accomplish everything on time.
Begin your bidding wars through us. We, Helping Hand Group, will ensure that your live charity auctions will see success. We will help you organise from A to Z so that it will be no hassle on your part.
We have the expertise to implement your cause systematically and seamlessly. We are the better choice when it comes to getting auction items that are not easily obtained elsewhere. Our auction services can help you get the most profitable bids.
For more information, click this link here.