SAMPLE BID SHEET
Item number - # 101
Item Description:
Minimum Bid:
$800
Fair Market Value Estimate:
$1,000
Expanded description of item
Restrictions: list any
Bid Number
Bid Number
$ 800
To our Bidders - we appreciate your support of UC San Diego’s (dept name). All
proceeds from the sale of items in our auction benefit (dept. or purpose).
It is important we follow IRS guidelines. Therefore we want to ensure you are aware that the
amount of your purchase price that exceeds the stated Fair Market Value of the item is a tax
deductible gift. Any amount paid up to the FMV is considered an equal exchange and
therefore is not a tax-deductible gift. Your receipt will indicate each of these amounts.