SEALED BIDDING ENCOURAGES COMPETITIVE BIDDING
The Givergy system will display the number of bids received on an item, but ‘seal’ the name and amount submitted by the highest bidder. When an item receives numerous bids, it encourages donors to increase their previous bid, which they can do as many times as they wish. We have the stats to prove it!
- Our results show that guest participation increases by 9% when using sealed bidding
- On average charity profit is increased by 166% when using sealed bidding
- Sealed bidding is proving to be more successful then incremental bidding, auction items sold via sealed bidding raise 11% more than items sold via standard incremental bidding