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What is a Chinese Auction?
Enduringly popular special event fund-raisers that
combine the elements of both an auction and a raffle,
the bidding is done by ticket. Each participant buys a
certain number of tickets for a set price,( $10/10
tickets) then uses those tickets to "bid" on a variety
of donated items on "auction." They can bid as many
tickets as they wish on each item they're interested in,
by depositing the tickets in a container assigned to
that item. Rather than going to the highest bidder,
though, as it would at a regular auction, the item goes
to the person whose ticket is drawn, at random, from the
container.
It doesn't take long to figure out, of course, that the
more tickets you bid on an item, the better your chances
are of winning it. And as anyone who's ever bid a lot of
tickets on a "must-have" item can tell you, that's what
makes these events so much fun. |
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