So you've decided to use consignment to help bulk up your auction catalogue with a variety of exciting and unique holiday, lifestyle and adventure packages, music and sport memorabilia, fine art and jewellery. Now the prizes are sortedâ€¦ what's next? Below are a collection of handy hints and tips on how to get the very best result from the myriad of sensational, one-of-a-kind consignment prizes on offer.
Go with a provider that will donate their silent auction and donation platform free of charge when using their consignment items. Remember that suppliers receive the cost value of the items you sell. A good provider will therefore discount and donate their auction software in return for you using their prizes.
Including sport and music memorabilia in your auction is an innovative way to raise more at your next fundraising event. Guests love having the opportunity to bring home pieces signed by their favourite music artists, celebrities and athletes. It is therefore incredibly important to ensure that your supporters are taking home authentic memorabilia. Using a reputable organisation that can give certificates of authenticity with their signed items will safeguard any nasty surprises.
Packaging items from consignment with your own donation items will create higher value prizes that are geared to sell.
Selling consignment items, particularly prizes that are experienced-based, multiple times can have a big impact on your return. To help motivate bidders and â€˜drive up the dollars' these multiple packages should be kept quiet and only revealed once you have exceeded the reserve price. Whilst in the midst of a bidding war, simply instruct your auctioneer to wait until the last bidder bows out. Once this occurs, have the auctioneer offer up the prize to the top two or three bidders at either the winning price or at a slightly reduced price. This is a great way to keep your guests happy and raise more money for your nominated cause!
Holding a 'winner's choice' raffle has never been so easy. When using a consignment service, you have the ability to acquire various exciting and unique prizes and experiences with zero upfront cost. This means that you will have the opportunity to offer the raffle winner the option to choose from a handful of preselected prizes without the risk of 'losing out'. Need help sourcing prizes for your next big event? Contact us now! For information on how to best display your onsite auction click here.