The next Governor Slush Fund auction, the Summer one, will be taking place on Sunday 10th August at 3pm Eastern. The auction provides an opportunity for folk to buy and sell items, bring the community together for an event, and to raise money for a good cause, which in this case continues to be our town treasuries.†
Full details of the live auction event will be made available in August. The event is designed to last two hours which allows for the sale of around sixty lots. If more items than this are submitted for sale, the excess will be sold in a separate forum auction to be held in the days leading up to the live event.
Commission & donations
The auctioneer will levy a charge of 5% on all lots sold and the money so raised (the “Town Fund”) will be split equally between the participating towns. In addition, lots may be donated entirely for the benefit of the Town Fund (100% of sale price to fund) or to an individual town (5% to Town Fund, 95% to nominated town).
The public is also welcome to make a cash donation directly to the auctioneer in favour of either the Town Fund or a specific town. This is no different than giving cash directly to the town heralds except that your donation will appear in the official accounts and will therefore be recorded for posterity.
All governors are encouraged to support the auction and help advertise it. To make your town eligible for a share of the Town Fund, please PM me or post here to confirm your participation and support.
Items submitted for sale may be assigned a minimum price that the seller is willing to accept, although items may be rejected if the auctioneer views the reserve as unreasonably high and unlikely to lead to a sale.
Submitting items for sale
To submit your items, PM me here. Be sure to include any reserve prices you wish to assign the goods, although these could be changed later. All items are presumed to be for the benefit of the seller unless otherwise stated. If you wish to donate the entire proceeds of an item to the Town Fund or to an individual town, please clearly state this. Items so donated will state the name of the donor unless anonymity is specifically requested. General items for sale will not list the name of the seller unless it is necessary to do so.
To aid those unable to attend the live event or find a suitable proxy, the auctioneer will take private bids in advance of the sale. Further details on this service will be posted nearer the event.
A record of sale prices and all monies raised will be published after the auction.
Confidentiality & liability
All reserve prices and other privileged information from sellers will be kept in confidence by the auctioneer except in the event of a new auctioneer having to be appointed due to illness or force majeure.
† If you know of a worthy cause you think should be considered for future fund-raising, please PM me.