Chinese auctions are silent auctions where bidders purchase tickets and submit them to win a prize. There are four types, with the main difference being the choice of the winner. They are commonly used for fundraising events and are inexpensive to run.
A Chinese auction, which is not of Chinese origin, is a silent auction in which bidders purchase tickets and submit them in hopes of winning a prize. There are four different types of Chinese auctions, one of which is not an auction at all. The main difference between the four types is the choice of the winner. Chinese auction events are more commonly held as fundraisers, because they can produce a large amount of money for charity. Running the auction itself is inexpensive, with only prizes, tickets, and perhaps an auctioneer needed for the event.
All Chinese auctions, regardless of format, are silent auctions. A silent auction usually means there is no auctioneer and people are bidding silently on items using tickets. Two of the Chinese auction formats don’t require an auctioneer, but the other two do. Regardless, bidders in all formats are silent. Tickets are part of these auctions, so running an effective event means there must be plenty of tickets ready for sale.
One format for a Chinese auction involves displaying several different items, each with its own bowl or bucket nearby. Bidders purchase tickets, look at each of the items, and then deposit their tickets into the bucket of the item they wish to bid on. A bidder can place as many tickets as he wants in the bucket of a given item to increase his chances of winning it. At the end of the auction, someone takes a ticket from the bucket and the owner of that ticket is the winner of that item. People who have not won do not get their tickets back, a feature shared by all Chinese auction styles.
The second format uses an auctioneer and, like a traditional auction, one item is displayed at a time. While the auctioneer is talking about the item, one or more people will collect the tickets from the bidders. After all tickets have been collected, the Auctioneer will choose one ticket to determine the winner.
The third Chinese rod style is similar to the second. An auctioneer is used and one or all of the items will be displayed. In this format, everyone deposits their tickets at the start of the event. The first ticket drawn wins the first item, the second wins the second item, and so on.
In the fourth Chinese auction format, which isn’t an auction at all, everyone brings a wrapped gift of about the same value. Everyone then submits a card, and the first person whose card is chosen gets first choice of a gift. The second person whose ticket is picked up then chooses a gift or prize. This continues until everyone has chosen one of the wrapped prizes.
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