Depending on the type of bidding system, silent auction or live auction, the company or individual hosting will provide a platform and market the auction as an event to attract as many potential buyers as possible. The auction invoice can be used to bill a bidder for the items purchased, or to bill the seller for the auctioneer’s commission.
Live Auction – Hosted by an auctioneer that gives the details of an item and takes bids by scanning the crowd and viewing bidders’ show of hands.
Silent Auction – Property and services are detailed and the bidders place their bids on a sheet of paper with the auction ending at a certain time frame.
- Silent Auction Bidding Sheet: Adobe PDF, Microsoft Word (.docx)