May 9, 2022
“Data Shows Auction Bids Are Seasonal, Often Miss Fair Market Value”
This article originally appeared in the Nonprofit Times on May 9, 2022. It highlight’s GiveSmart’s Ultimate Silent Auction Study, and shares insights from over 880,000 lines of GiveSmart customer data from 2019 and 2020.
“When comparing 2020 to 2019 auctions, the Return on Fair Market Value increased across the country … Starting bid price decreased across the country, but with the positive growth in return on fair market value, this is a sign that popularity in auction items continued in 2020.”
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