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Online Silent Auction Sites – How Do They Function Why is a silent auction called so and how do online silent auction sites function? Silent Auction A silent auction is an event where attendees evaluate the items on sale, place bids, and purchase them. But here any similarity with traditional auctions end. For online silent auction sites, no auctioneers conduct an auction and participants place their bids anonymously and silently on a bid sheet through a bidding number – hence the name silent auction.
Non-profits and charitable organizations carry out fundraising on online silent auction sites in an engaging manner. Donors love the opportunity to participate actively in silent auctions and make a purchase as a way to donate funds. Fundraisers on the other hand do not lose money procuring the items as they are sponsored by local merchants and volunteers, thereby making a full gain on the items sold. How Do Online Silent Auction Sites Function Participants in silent auctions spend their initial time on the site checking the items that have been put up for auction. Generally, multiple photographs of each item will be displayed on a site.
When an item is found of choice, bidders will use their allotted bidding number to place a bid on the sheet in front of the item. In most online silent auction sites, there will be a minimum bid amount for each item as well as a minimum incremental amount for each bid.
Once the bidding has ended and the winner is identified, the organizer has to arrange shipment and delivery to the winners against payment of dispatch charges. All online silent auction sites have a specific closing time and bidding must be completed by then.
