First time auction success: $31k winning bid
Long time lurker here, first time poster... 2 days ago, I ran a 24-hour auction in my Skool group of 400 people. There was a "pool party" theme to make the event even more fun and exciting than it might be otherwise. All in all, around 35 people ended up making a bid. Out of those, 10 or so were actively and continuously bidding for the actual offer over the 24 hours. The winning bidder wasn't one of them āĀ he only swept in during the last 2 or so minutes, and won the auction in a photo finish, with a last-second $31k bid. (I had initially estimated the entire auction might bring in $10k total.) Along with the winning bidder, now I also have 10 people who have expressed a serious level of interest in the outcome I was promising in the auction offer. I'm talking to them as well, to see how we might end up working together. On top of all that, my entire group is on a kind of high. Folks really got into the auction and the pool party theme āĀ there were side bets going on, running gags, people goosing each other on, and lots of jokes, to the point that somebody recommended giving out a prize for the funniest comment (a suggestion that was immediately adopted). There are 755 comments on the auction post, and a bunch of members have written me afterwards to thank me for putting on an exciting and fun spectacle. All that's to say... now I'm a believer. And I'll be doing more auctions soon. Big thanks to both @Travis Sago and @Chris Dyson for their help before, during, and after the auction.