Question

Social and cultural gathering mega even

Answer 1

Items or services are sold in front of an audience to the person who is prepared to pay the highest amount. Audience members place ‘bids’ for each item or ‘lot’, with bids being managed by an auctioneer. Competitive bids are placed increasing in value, until each person has offered the maximum amount they want to for the lot, at which point the highest bidder has secured the item. Great for non-profit fundraisers.