Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Charity Auction Tips and other Auction topics.
A charity auction is an auction whose goal is to raise money for charity. The format varies from auction to auction, but revenues are usually generated from donated goods. The goods are then sold to the highest bidder and the money raised, usually after expenses, is given to the charity. Charity auctions often target a specific charity or seek to raise money to provide charitable relief of some kind. Frequently, an auction house will offer to hold a charity auction free of charge, waiving their usual fee.
|Jennifer Mathes, Ph.D.|