A practical starting point for pricing silent auction items is to set the opening bid at roughly 30% to 50% of fair market value, then choose bid increments that allow room for multiple competitive bids. The right numbers depend on the item, your audience, your auction format, and how much bidding activity you expect.
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The right silent auction bid increments encourage participation while helping each item move toward a strong final...
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Getting your starting price right can make or break youronline auction bidding strategy. Whether you're new to selling...
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