How much are Chinese auction tickets?

You can assume that each attendee will buy at least one set of tickets. This means you would need a minimum of 1,000 raffle tickets. However, this is an inexpensive item and I would recommend doubling that amount to 2,000 tickets.

What’s another name for Chinese auction?

“Chinese auction” is also known as a “penny raffle” or “chance auction.” At the time, Chinese laborers were paid low wages, and Chinese came to mean “cheap” in American slang. Because the raffle tickets are inexpensive, perhaps this led to the characterization “Chinese auction.”

How does a Chinese auction work?

Think of these auctions as events that combine a silent auction with a raffle. To put it simply, bidders buy tickets and use them to bid on items. The more you want something, the more tickets you buy and put into the jar to increase your chance to be drawn as the lucky winner.

What is the difference between a silent auction and a raffle?

The main difference is that a silent auction requires a set location for the event. Unlike a raffle, the highest bidder at the silent auction will win the item. It costs much more to hold a silent auction than it does to hold a raffle, and there is more planning required.

What is a Chinese auction gift?

The term “Chinese auction” refers to any type of silent auction at which bidders buy tickets and submit them in hopes of winning a prize. As with most fundraisers, the prizes are typically donated by local businesses or individuals. There are various Chinese auction formats, but each one is a silent auction.

What is a teacup auction?

After 24 years, the Newcomers & Friends Teacup Auction has certainly outgrown its name. In the fundraiser’s first years, women distributed raffle tickets into tiny teacups, hoping to nab prizes after donating their cash to a good cause. In fact, it’s so popular, tickets are hard to come by.

What are good items for a Chinese auction?

Build a basket that includes gift certificates for a variety of local, interesting activities: meals at local restaurants and pubs, tickets to area attractions such as museums and concerts, movie tickets, passes to a rock climbing studio, cupcakes from a local bakery and dog training or cooking classes.

Which makes more money raffle or silent auction?

The more people you can get money from, the more money you’ll raise. With raffles, you need more reach. With silent auction fewer people, but more motivated to participate in the auction bidding.