May 9, 2022

“Data Shows Auction Bids Are Seasonal, Often Miss Fair Market Value”

data-shows-auction-bids-are-seasonal-often-miss-fair-market-value-the-nonprofit-times

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.”

Download the 44 page study today!

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What our clients say

We needed a platform to make sales online and to track and display ads for our sponsors. GiveSmart was perfect. We ended up making close to $15,000 more than we had hoped for. Definite better ROI than we anticipated. The interface is easy to use and provides plenty of options to get help if needed.

Michelle M.

The Rotary Club of South Whidbey Island

Using GS has created ease in auction bookkeeping, payments, and generating post-event thank you/tax letters. While we were online during COVID, our interactions with our GiveSmart via phone, email, and zoom were seamless. A representative always got back to us within the day. I would recommend GiveSmart to anyone doing a large online event.

Julie G.

MicroFinancing Partners in Africa

GiveSmart is highly flexible - you can use it for [a] simple registration and check-in, to full-scale galas with complex order forms, onsite upsells, live auctions, seating management, and more.

Jamie F.

Hope Chest for Breast Cancer

GiveSmart is easy to use and ideal for virtual events and can be used for in-person events to manage the silent auction, seating charts, and check-in to the event. Being able to use the platform for unlimited events within the contract year is very useful and being able to add other users and volunteers for different levels of access is helpful as well.

Dawn L.

Literacy Coalition of Palm Beach County