Someone Donated these Antique Earrings. How high of a reserve should I set? I want them to sell, but I want them to make a certian amount of money.
Item: Antique ‘Floral Bouquet’ Cameo Earrings
Medium: Genuine Bull’s Mouth Shell
Mount: 800 Silver
Circa: 1900
Condition: Mint
Estimated Value: $250.00
2007-02-13 17:16:54 · 8 answers · asked by pishpuns 4 in Entertainment & Music ➔ Polls & Surveys
The auction is at a Benefit Dinner for a sick friend.
2007-02-13 17:21:57 · update #1
Please do not answer if you can not be serious. Thank You!
2007-02-13 17:23:36 · update #2
I was thinking $50. Is that too much?
2007-02-13 17:42:50 · update #3
I do quite a bit of fundraising. I am hosting a huge silent auction in March for an abused childrens shelter.
I usually start my silent auctions at 25% of fair market value. Understanding that most items end up selling for less than full retail.
One of my items is a 3 night stay in Breckenridge, value 1800.00. I am starting bidding at $500.00.
You have to have some discretion, if it is high ticket. What you have is a pure impulse item, and would not appeal to everyone. I'd set the reserve price at $100.00 & see what happens.
Lots of luck!
2007-02-13 17:22:25 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It all depends on what the "estimated value" represents.
If the ring was valued at $250 then that may have been a replacement value, and therefore easily DOUBLE what it would make in a normal auction. If that was an insurance valuation, same thing. Keep this in mind.
Nothing kills a lot dead like too high a reserve and a greedy owner. Sorry, that has to be said.
It's worth what someone is willing to pay for it on that occasion, not what you decide it's worth to you.
If it's a silent auction at a sort of charity sale, and people are drinking and someone falls "in love" with it, then it may go higher. Are they "fashionable"? Can you imagine wearing them yourself? If not, keep the reserve reasonable. Drunken punters mean higher prices at any auction, especially if they are private buyers with too much money and it's a good cause.
Personally, if I were in charge, I'd set the reserve at $125 or $150.
2007-02-13 17:26:29 · answer #2 · answered by alison k 3 · 0⤊ 0⤋
it is a chilled project. no longer to be an previous poop, yet will they acept it with alcohol in it? besides, when we made diverse baskets for an public sale, i grow to be in cost of labelling. I used trouble-free names like activities and then relied on an beautiful image to make the label interesting. The label coated an finished record of the contents of the basket. That way there grow to be no doubt as to what they were bidding on.
2016-12-04 03:57:17 · answer #3 · answered by ? 3 · 0⤊ 0⤋
set the reserve at 245
2007-02-13 17:21:09 · answer #4 · answered by CrazyDelmar 4 · 0⤊ 0⤋
I would set the reserve for $200.00 and if they don't sell this time around, relist it and lower the reserve a little.
2007-02-13 17:20:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
sick friend---start at $500.00 remember the cause
2007-02-13 18:15:04 · answer #6 · answered by -------- 7 · 0⤊ 0⤋
ONE PENNY
2007-02-13 17:20:03 · answer #7 · answered by Anonymous · 1⤊ 1⤋
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2007-02-13 17:21:31 · answer #8 · answered by luck fest 5 · 1⤊ 2⤋