Snapshot on Benefit and Charity Auctions
In the United States benefit and charity auctions are the fourth-fastest growing specialty segment within the auction industry. Estimated gross sales revenue increased to US$16.2 billion in 2007. Since 2003, total growth of this auction segment has climbed 21.1%.
In Canada, benefit auctions are estimated to have raised in excess of $1 billion in 2007 with their acceptance and popularity growing fast.
Organizations realize that using professional Benefit Auction Specialists for fund-raisers can significantly ease the burden of planning and execution while raising more money, improve awareness for a cause and provide greater entertainment value to bond guests, sponsors and other contributors to a cause.
Selecting the right Benefit Auction Provider will significantly improve a fundraiser’s chances of financial success.
The common practice is fast fading of selecting a local celebrity, such as the TV or radio news anchor, because organizers are realizing that Benefit Auction Specialists provide insight, structure and tips that deliver better organized and more entertaining events and above all generate more revenue.
