The major charity prize for the annual Racing for MNDi Soiree sold for $15,000 this week, 50 percent more than last year’s result, using the real estate sales platform Openn Negotiation.
Held at Crown Perth on the 10th of December 2018 the annual event is part of the MNDi Foundation's efforts to raise money to find a cure for the inherited form of Motor Neuron Disease.
Three bidders battled it out for the opportunity to secure the major prize which included:
Last year, this prize sold via a normal negotiation for $10,000, so to have eclipsed that amount by $5,000 is a fantastic result for the MNDi Foundation and a testament to the effectiveness of the Openn Negotiation platform.
While Openn Negotiation was developed for the real estate industry, the technology is easily adapted for use in charity auctions to achieve the best possible price for an item by maximising the number of buyers that can participate.
Charity auctions are generally done as part of a gala dinner, where the main bidders are limited to those physically at the function and in the room at the point the auction is conducted.
However, with Openn, the charity auction can commence weeks before the gala dinner. Bidders are not limited to those who are in the room at the night, and the link to the platform can be sent to charity’s entire database, allowing thousands of people to actively compete to purchase the auction items.
Openn is delighted to have worked with the MNDi Foundation on this innovative new approach to their charity auction.
To find out more about how the Openn Negotiation process works, visit our website at www.openn.com.au.