We pulled 440,000 lines of data from our own silent auction software platform to analyze silent auction item performance across the country, and dove deep into the data to get answers to common silent auction questions.
With over 10,000 events hosted on GiveSmart’s silent auction platform in the last 12 months, there’s plenty of variety to the events, organizations and items that we analyzed, creating a robust nationwide study. Insights in this study are based on real data from thousands of organizations across the country.
Choose the best silent auction items based on key information, including:
Through this research, we’re able to share insights and tips that will help make your next silent auction more successful and rewarding. This data is only an indication of the trends we found, not a formula, but can be used to guide decision making.
Did you know that autographed memorobilia performs significantly better in the Northeast in the middle of the year, but provide no significant return in the Midwest at any time? Or that you should focus on golf, meals and food packages when hosting an auction in the Southwest in Q1? Get insights specific for your region, to help maximize the impact of your silent auction fundraiser.
Take a closer look at silent auction item performance for your region, and make better decisions about which silent auction items to prioritize for your next event.
We broke silent auction items down into categories, to better understand how groups of auction items perform. Our research here can help you focus your time and energy on the right types of silent auction items, those with the greatest chance to drive excitement, participation and return for your silent auction.
Silent auction item categories include:
As just one example of the types of insights we gained from this study, we learned that on the West Coast, baskets averaged a strong 7.73 bids per item and a very strong 273.85% return on the starting bid in the 2nd quarter, but added almost no value in the 4th quarter.
These and many more insights are available for free when you download the Ultimate Silent Auction Study.
Silent auctions are tried and true ways to fundraise for your charity, school, or foundation. Wouldn’t things be a bit easier if you had data to help guide the curation of your items?
Note: at the end of the study is a compilation of all of the free resources GiveSmart provides to help silent auctions.
If you’d like to discuss your silent auction with us further, feel free to request a demo to get started. Our team is ready to help.