|
How Does a Chinese Auction Work?
| Posted By |
Message |
MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
|
How Does a Chinese Auction Work?
Tonight's fundraiser is a Chinese Auction, right?
How does it work??
|
Posted 11/13/06 8:04 AM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
ElliesDad
LIF Zygote
Member since 8/06 33 total posts
Name:
Scott
|
Re: How Does a Chinese Auction Work?
Never heard of this before either...
"In a Chinese auction, bidders are not prospective buyers (as in the conventional English auction). Instead, they buy tickets, which are essentially chances to win items. Bidders may buy as many tickets as they like, and bid them on any item(s) they want by placing them in a basket or other container in front of the item(s) they are trying to win. At the conclusion of bidding, the winning ticket is drawn from the tickets bid on each item, and the item is given to the owner of that ticket.
A bidder may increase the chance of winning by buying and bidding more tickets on a specific item. Although there is generally no limit to the number of tickets a given individual may bid on a specific item, the chance of winning depends on the total number of tickets bid by all individuals."
From wikipedia
|
| Posted 11/13/06 8:06 AM |
| |
|
MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
|
Re: How Does a Chinese Auction Work?
Does anyone know the ticket price for tonights auction? I have to try and win those Giants tickets for DH and need to know how much $$$ to bring!!!!
ETA: Thank you ElliesDad for the response!
Message edited 11/13/2006 8:15:06 AM.
|
| Posted 11/13/06 8:14 AM |
| |
|
JTK
my 4 boys!
Member since 6/06 7396 total posts
Name:
Kristi
|
Re: How Does a Chinese Auction Work?
i would like to know too. i'd love that tmx elmo! and also those giants tickets......
|
| Posted 11/13/06 3:43 PM |
| |
|
Potentially Related Topics:
Currently 877116 users on the LIFamilies.com Chat
|
