The Hottest Trend in Fundraising Auctions Right Now: Buy-in Auction Lots

The type of auction lot that has seen the biggest growth and success in the past two years is the Buy-in Party. Also known as a Count Me In, Sign Up Party, or Buy a Spot: a buy-in auction lot offers bidders the opportunity to purchase tickets to attend an event on a per-unit basis. It could be per person, per pair, per table or even per team.

Buy-ins got their start at school events, where the community is tightly-knit and eager to get together and hang out with each other throughout the year. For many years, the perception was that buy-ins would only work if the majority of the crowd knew each other. Furthermore, many events believed that buy-ins could not generate significant income.

Bidders buying-in at the Boys and Girls Club of Sonoma Valley, 2023.
(Photo credit Melania Mahoney Photography)

But as larger auctions began to realize the versatility of the buy-in lot, they have evolved to become a staple of most every fundraising auction with which we work. Buy-ins give you the capacity to offer a lower level participation in your live auction while still raising the same as (or more than) you would with a single buyer lot.

In the process, buy-ins also offer bidders a “perceived bargain.” Consider a recent auction in Naples, Florida. The lowest any single lot sold for was $12,000 and the most was $52,000. We had a single buy-in for 20 couples that sold for $5,000 per couple. Bidders who otherwise wouldn’t have been able to participate in the live auction got to do so, and that one lot generated more than any other single lot in the auction.

This concept holds true for every auction. If your lowest selling lot goes for $1,000 that means there are people at your event who would love to pay $150 to be able to participate. Put together a party for 20 people at $150 each, and you have a successful lot and have engaged more bidders.

And where buy-ins were popular before the pandemic, they have seen a surge in popularity since. Auction attendees are thrilled to be back in-person, eager to do things together, and ready to get more social activities on their calendars.

If you don’t utilize Buy-In Parties as part of your live auction strategy, you are missing out on a valuable way to raise more money while enabling more people to participate in your auction. For more information on buy-ins, see our “how to” blog post, check out our list of great buy-in auction lot ideas, or contact us directly.

Creative ideas for buy-in parties

The structure and nature of buy-in parties often encourage much more creativity than your “standard” winner-take-all type of auction lots. This is partly because buy-in parties need to be enticing enough for people to be willing to do them with potential strangers.

But it is also because the cost of participation in a buy-in lot is typically lower than your standard auction lot, making buy-ins seem affordable in comparison. People are therefore more willing to spend a “little” on a party or idea that might be cost-prohibitive if they had to buy the whole thing. [If you need a primer on what a buy-in party is, read this previous post: “How to: Buy In Lots in Your Live Auction”]

A Poker Tournament is but one example of a buy-in lot.

We’ve seen buy-in parties created by hosts who had a great idea, and we’ve seen buy-in parties created by cobbling together disparate small components to make something appealing as a whole. Whether you are new to buy-in parties or a seasoned veteran, following are some of the creative buy-ins we’ve seen over the years. Feel free to try to replicate these, but feel even freer to use them as creative springboards for your own unique buy-in lots.

Sushi, Sake & Karaoke

I love this party because it tells you everything you need to know in the title. If you like eating sushi, drinking sake and making a fool out of yourself singing karaoke – this is the perfect lot for you! If any of those things are a turn off, you won’t go near it.

The first time I saw this lot was at a school event, and a well-known family was the host. They had a friend who had a sushi restaurant, and the chef was going to come do a sushi preparing demonstration/class for everyone as the beginning of the party. I’ve seen variations since that just involved eating and drinking. Oh, and singing. Probably poorly.

Other Themed Parties

The vast majority of buy-in parties I’ve seen have been…well…parties! And the themes have been as diverse as the hosts throwing them:

Second Chance Prom

Bust out your turquoise tuxedo and neon prom dress, it’s time to reclaim the prom.

Black Tie Bar-B-Q

Don your BBQ best (think JR in Dallas) for a day of live music, fine wines, bourbon cocktails, and a gourmet feast of Southern fixins.

Sinners and Saints

Mardi Gras. Need I say more?

Martini Madness

1950’s themed party with Don Draper as the role model.

Moroccan Dinner Party

Mediterranean food, belly dancers, maybe a hookah or two.

All Aboard the Love Boat

Dress like your favorite character from the Love Boat, enjoy cruise themed food and drinks. Emphasis on the drinks.

The nature of buy-in parties also gives you a chance to add competition to the mix, and sell access on a per-team basis.

SCDS Grand Prix

Teams of four compete on a go-kart track to see who can record the fastest time. This lot was cobbled together from a few disparate elements: we had two races for 16 people at a local go-kart track; a mobile pizza oven that would do dinner for up to 20; and a few cases of beer and wine. We combined them all, along with a cheesy trophy for the winning team and a T-shirt for the person who had the slowest time, and sold it on a per-team basis.

Four teams of four people, opening bid of $250/team. It wound up selling for over $600/team – a great return on value.

Dip, Duck, Dive, Dodge!

Dodgeball! Eight Teams Enter, One Team Leaves!! Buy-In Tournament for 8 teams of 10 players each Held at a gymnasium that donated the space, with food, a keg of beer, and a round-robin tournament of dodgeball. For adults.

Balls of Fury

A bocce Ball Tournament, replete with food and beer.But I've also seen Beer Pong parties as well. These are obviously aimed at a crowd of people who know each other well and like to party together. Hard.

Poker Tournament

Pulled pork, lots of beverages and a night's worth of Texas Hold 'Em. It is good to have a grand prize of some sort for the person who wins the tournament. I hosted a poker tournament for my son's school and first place won a stack of EA games and a cheesy trophy made up; the person who lost all their money fastest got a T-shirt declaring such.

Amazing Race/Scavenger Hunt

These are sold on either a per-couple or per-team basis. These types of events really need a group of organizers who are deeply committed to setting up and running them; either extremely dedicated volunteers, or even professional scavenger hunt companies.

Not all of these ideas are appropriate for every event, obviously, but I believe that buy-ins of one type or another will work at almost every event. I’ve done plenty of high-end events that included buy-in parties that opened up at $1,000, $5,000 or even $10,000 per spot to attend them. The key is to create an event that is appropriate to your crowd and the culture of your event.

If you would like to implement buy-in parties in your auction, the best thing you can do is find some willing hosts and begin brainstorming ideas. If you ever have any questions, feel free to contact us directly. Otherwise, we’d love to hear about some of your creative buy-in parties in the comments below.

How To: Buy-In Lots in the Live Auction

One of the growing trends in fundraising auctions is the use of buy-in parties as live auction lots. Also known as “count me ins,” “sign-up parties” or “buy-a-spots,” buy-ins are auction lots sold on a per-spot basis (usually per-person or per-couple, but sometimes per-table, or even per-team).

Buy-ins can be a valuable addition to a live auction because they effectively lower the cost of participation in your live auction without reducing the amount you raise as a whole. This makes your auction feel more egalitarian and encourages more people to participate while maintaining or even increasing your bottom line.

And, contrary to what many believe, the price for a buy-in lot does not have to remain static. If there are more hands in the air than slots available, the price goes up until supply and demand balance. We’ve seen buy-ins lots start at $250 per person and sell for $1,900 per person for nine people! It doesn’t take a mathematician to recognize how big an impact that can be.

The annual Lobster Buy-In Party is one of the biggest sellers at the Boys & Girls Club event in Sonoma. Attendees can buy an auction lot for only $200 - and we offer 100 spots. That is good (and easy) math.

There are four keys to creating a successful buy-in lot: Date, Allure, Price, and Pre-Sales.

Date: Any buy-in lot needs to have a fixed date set in advance and publicized to your attendees. It is difficult to coordinate a dinner when one winner is in charge of working out a “mutually agreeable date.” It is nearly impossible to coordinate a dinner when eight couples are all comparing schedules and have equal shares of ownership. Set the date in advance and publicize it.

Allure: Successful buy-ins also have an element to them that is alluring enough to encourage people to hang out with potential strangers. It can be access to a venue, access to a guest of honor, or simply an activity that sounds fun. But in every case, potential attendees need to look at the lot and think, “Yes, I’m in!” without concern for who else is going.

Price: Set your opening bid at a level you are comfortable selling each slot for. If a donor insists that their lot sells for $500 per spot, you should start the bidding at $500 per spot. As mentioned earlier, the price need not remain static, but you need to plan realistically. If you have a party for 75 people, the price isn’t going up. That’s just too many hands for your auctioneer to keep count of to know if demand is higher than supply. But if you have a party with 20 or fewer spots, there is the potential for the price to go up – as long as your crowd is into it.

Pre-Sales: When the auctioneer says, “Now who wants to do this, let’s see those paddles!” it is extremely important that a few paddles immediately get raised. It lends the lot momentum and also proves that the experience is going to be fun. “Oh, hey, look: the Golds are going to be there. Everyone knows how cool they are, this is going to be a great party!”

Buy-ins are ideal in the school environment because of the built-in community to be found amongst parents. But we’ve also seen successful buy-ins at everything from Cal Shakes’ Gala to the Sun Valley Center for the Arts Wine Auction.

If you have never had a buy-in lot in the live auction before, your crowd is going to need some education both before and during the event. Make sure they understand the concept in advance. Get a few people or couples to commit to attending in advance, so the lot has momentum as soon as it goes up for sale. And most importantly, make sure your auctioneer takes the time to describe both the lot and the process, and commits to the process wholeheartedly. Buy-in lots can be daunting at first, but when successful they can bring in many new bidders and help you raise a lot more money.

Next up: creative ideas for buy-in lots.