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First, everyone in your organization should see what they can donate and also solicit their friends, and all of you should ask local business people that you know. The last silent auction I went to included massages, manicures, pedicures, facials, a rental home at Lake Tahoe, an in-home dinner cooked by a private chef, a private wine cellar tour for 12 from a local winery, a make-over at a beauty store for 10 friends, dinners at several different restaurants, and about 500 "products", new or worthy vintage. (There was a 1970s WHO satin tour jacket signed by the band members that I sooooo wanted but I was totally outbid.) Everything was donated by friends and friends of friends of the organization... quality items only and do not be afraid to reject donations.
Once you get commitments, you can work out the budget. You might be able to get refreshments donated for the event from a grocer or restaurateur. If not, you would have to work that into the budget.
Other budgeted items: venue, music, chairs, tables (for food, drink, and display of the items), covers for the tables, double sided tape, paper plates, cups, napkins, invitations (if you want to do some paper ones), paper for fliers and paper to print descriptions and ID# of the items being bid on, a piece of paper with an ID# and a small pencil for the attendees to keep track of their bids, and paper next to/under/above the items being auctioned so people can write their ID# and bid amount on it.
Don't forget to put a minimum bid on every item.
It is a lot of work and takes some up front money. Depending on the size of your organization and your resources, you might be better off pooling your money and donating to a charity.
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