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Event Auctions
 Don’t Leave Money on the Table
               AHP Canada Regional Conference
                             Fairmont Calgary
                                  May 1, 2012
                                  1:45 – 3:00




           R. Scott Fortnum,        MA, ACFRE
                    Chief Development Officer
                    Saint Elizabeth Foundation
   Fun
   Profitable
   Enhances an existing event
   Great for in-kind donors
   Engaging
   Entertaining
   Value added for the organization and the
    guest



Why an auction?
   Language
   Pricing
   Bargains
   Overpay
   Bidding twice
   Selling twice
   Philanthropic competition
   Auctions can rationalize expenditures



Unique attributes of an auction
   Who’s been to a live auction?
   Whose Foundation hosts live auctions?
   What do you remember most?
   Benefit (Charity) auctions vs. others
   Cattle Call
   Auto auction
   Amish auctioneer




Auctions
   Silent Auction
    ◦ Types of items
      Smaller items and experiences
      Known retail value items
      Gift certificates
    ◦ Tips
      Pull sheets at random
      Indicate increments
      Full item description




Silent Auction
Bid Sheet
   Remember traffic flow
   Place for clipboard
   Items out of the box
   People on hand to answer questions
   Match the display to the event




Silent Auction Display
Silent Auction display
   Finding items
   Packaging items
   Displaying items
   Reserve and minimum bids
   Consignment items




Silent Auctions
   When to have a live auction
   What items to put in the live auction
   Avoiding the bargain hunter mind-set
    ◦ $50
    ◦ Raise the Paddle
   Spotters (Ring-men)
    ◦ Auto Auction Ring Man
   Product Display
    ◦   Image projection
    ◦   Playboy Art
    ◦   Game Tickets
    ◦   Drive in
    ◦   Walk and show/feel
   Ethical considerations
   Buyer payment




Live auction
   Wants to sell items for as much as
    possible
   Wants to keep things lively and moving
    quickly
   Wants to sell saleable items with broad
    appeal
   Wants items that generate excitement
   The auctioneer can control the flow and
    manage the crowd


The auctioneer’s perspective
   Happy Audience
   Big Money
   Fun, excitement, energy
   No buyer’s remorse
   Happy donors
   Fun, engaging event




The Foundation’s perspective
   Spotlight
   Corded mike
   Stage
   Quiet bids
   Other activities
   Bidder cards/paddles
    ◦ Sponsorship opportunity
   Uninspiring/ inappropriate items
   Poor quality items
   Late in the evening



The Auctioneer’s chant rant
   Experienced with fundraising auctions
   Able to be understood by an untrained ear
   Entertaining
   Knows when to push and when not to
   Knows how to pace
   Will raise more money for your event




Why use a professional charity
auctioneer?
   Commission
   Buyers’ premium
   Flat fee
   Reception/meal/mingle
   #Fail – right product/right people
   Listen to the chant
   Think about the fit for your organization &
    the event



Working with the auctioneer
   Italian auction - Ming Vase




The guy you don’t want!
 Review your events to see where an
  auction component can be added
 Find a good auctioneer who understands
  charity events
 Use the auctioneer as part of your
  fundraising team
 Raise more money and have more fun




Summary
R. Scott Fortnum, MA, ACFRE
     416-804-4661
scott@fortnumgroup.com
       @sfortnum

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Event Auctions

  • 1. Event Auctions Don’t Leave Money on the Table AHP Canada Regional Conference Fairmont Calgary May 1, 2012 1:45 – 3:00 R. Scott Fortnum, MA, ACFRE Chief Development Officer Saint Elizabeth Foundation
  • 2.
  • 3. Fun  Profitable  Enhances an existing event  Great for in-kind donors  Engaging  Entertaining  Value added for the organization and the guest Why an auction?
  • 4. Language  Pricing  Bargains  Overpay  Bidding twice  Selling twice  Philanthropic competition  Auctions can rationalize expenditures Unique attributes of an auction
  • 5. Who’s been to a live auction?  Whose Foundation hosts live auctions?  What do you remember most?  Benefit (Charity) auctions vs. others  Cattle Call  Auto auction  Amish auctioneer Auctions
  • 6. Silent Auction ◦ Types of items  Smaller items and experiences  Known retail value items  Gift certificates ◦ Tips  Pull sheets at random  Indicate increments  Full item description Silent Auction
  • 8. Remember traffic flow  Place for clipboard  Items out of the box  People on hand to answer questions  Match the display to the event Silent Auction Display
  • 10. Finding items  Packaging items  Displaying items  Reserve and minimum bids  Consignment items Silent Auctions
  • 11. When to have a live auction  What items to put in the live auction  Avoiding the bargain hunter mind-set ◦ $50 ◦ Raise the Paddle  Spotters (Ring-men) ◦ Auto Auction Ring Man  Product Display ◦ Image projection ◦ Playboy Art ◦ Game Tickets ◦ Drive in ◦ Walk and show/feel  Ethical considerations  Buyer payment Live auction
  • 12. Wants to sell items for as much as possible  Wants to keep things lively and moving quickly  Wants to sell saleable items with broad appeal  Wants items that generate excitement  The auctioneer can control the flow and manage the crowd The auctioneer’s perspective
  • 13. Happy Audience  Big Money  Fun, excitement, energy  No buyer’s remorse  Happy donors  Fun, engaging event The Foundation’s perspective
  • 14. Spotlight  Corded mike  Stage  Quiet bids  Other activities  Bidder cards/paddles ◦ Sponsorship opportunity  Uninspiring/ inappropriate items  Poor quality items  Late in the evening The Auctioneer’s chant rant
  • 15. Experienced with fundraising auctions  Able to be understood by an untrained ear  Entertaining  Knows when to push and when not to  Knows how to pace  Will raise more money for your event Why use a professional charity auctioneer?
  • 16. Commission  Buyers’ premium  Flat fee  Reception/meal/mingle  #Fail – right product/right people  Listen to the chant  Think about the fit for your organization & the event Working with the auctioneer
  • 17. Italian auction - Ming Vase The guy you don’t want!
  • 18.  Review your events to see where an auction component can be added  Find a good auctioneer who understands charity events  Use the auctioneer as part of your fundraising team  Raise more money and have more fun Summary
  • 19. R. Scott Fortnum, MA, ACFRE 416-804-4661 scott@fortnumgroup.com @sfortnum