What is quarter auction?

A quarter auction is a type of fundraising event where attendees have the opportunity to win prizes by bidding quarters on items they are interested in. The event typically involves multiple auction items, with each item having its own designated bidding period.

Here's how a quarter auction typically works:

1. Admission: Attendees usually pay an admission fee or purchase a ticket to gain entry to the event. This fee often includes a certain number of bidding paddles, which are used to place the quarter bids.

2. Bidding: Prior to the auction, each item up for bid is displayed or described, along with the number of quarters required to bid on it. Attendees can place their bids by dropping a quarter and their assigned bidder number into a designated container. The more quarters an individual bids, the higher their chances of winning the prize.

3. Calling Numbers: Once the bidding period ends, a number is randomly selected or called out. If the number matches the number on a bidder's paddle, they win the item. The person who wins the item then pays the designated number of quarters, usually one or more, to claim it.

4. Multiple Rounds: A quarter auction typically consists of multiple rounds, with varying bid values, to keep the event engaging and allow attendees to participate in numerous auctions.

5. Special Bids: Some quarter auctions may have special bids, where participants can bid more quarters to have an increased chance of winning the prize. For example, participants may be allowed to bid four quarters at once for a higher likelihood of winning.

6. Fundraising: The event's primary goal is often to raise funds for a specific cause or organization. The admission fees, paddle sales, and the quarters collected during bidding contribute to the fundraising efforts.

Quarter auctions are popular fundraising events as they provide an enjoyable experience for attendees while allowing them to potentially win prizes at a fraction of their retail value. These events also create a sense of excitement and competition among bidders.