Q&A

Setting Auction Prices

How do you determine the starting bid for an auction item? And should you put starting bids on everything?
- Eaglemom

We start our auction bids at 25-30% of the retail value. And yes, everything should be clearly labeled with starting bids, bid increments, etc.
- CMay2CK
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Thank You.
- Eaglemom
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I do it similar to CMay2CK. Decide on a percentage of the value. My bid increments are based on the starting bid (anywhere from $1 - $10). We're a public school with a wide range of economic backgrounds, so I like to have things for everyone. Starting bids are important too. I like to keep it low so people aren't afraid to start the bidding.
- fjrogers1
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