Yea I realized this shortly after I posted but just left it up anyway haha
I have someone for the last spot at Dunne.
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Based on other auctions I’ve seen, that seems reasonable, but it is odd they don’t just say priceless.
I agree it will go for close to that price, but from my experience “estimated value” in these types of auctions is the actual cost to the person donating. They get to write that part off their taxes for donating and the winner of the auction can write off the amount they pay over the “estimated value”. Can speak to a couple of the other privates (and know Chicago GC guest pricing). The others are pretty close to actual cost (~2x) and Chicago is well over 10x.
I’m no CPA but I took a very cost efficient trip to Italy through an auction (paid $600 over est value but looked at market prices pre auction and was going for $1k over est value and was able to write off the $600).
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Plenty of CPA’s could chime in but from what I know from the charity side I didn’t think anything above the actual retail value could be written off. IE- the guest fee.
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Guess all charities are different. That Italy trip example was from a Ronald McDonald House event I attended and they sent me the tax write off receipt for the difference over “fair value”
Edit: I don’t know about the retail value write off, someone told me that and I blindly believed them. Prob is why there is a 9% surcharge to cover costs for person donating
You are the auction king
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Fair market value — charities don’t set the rule the accountants do!
I just do whatever our director of finance tells me to!
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I love auctions. Won my first one in 1st grade…sick nature walk
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Damn accountants…
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From what I heard (not an official statement) the reason for the 12k value was because that is what it sold for in a similar auction with the first tee of Chicago
Justin Fields!!!
We like that
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Always appreciate members donating and hosting from their personal spend and time, and hope the IJGA does well. A couple recent Wheaton charity, scholi auctions have started $1k and ended at 2100-3k. A golf focused crowd may drive higher but 12k is interesting for above reasons and intrigued on how they end.
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As long as it’s for the kids
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For a threesome at CGC?
Yes, been tagged in for a couple recent runs.
The history society just had one.
https://event.auctria.com/77520e0e-84b4-4f0b-b510-b668cf1537ba/a780d600ec2e11e9ae081db830846aa5?2bd25550ec3411e98fdeb3a273cf08d8%2FselectedItem=15ef9799-5742-433e-80bf-42e92edc57fb
I’m not paying a third of $12k to play Chicago Golf but I would probably pay a third of $2100-3000 if anyone is interested in pooling funds the next time one of these pops up.
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That went 2400.
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Man, what schools? District 200 is fine, but I’d move my kid to Wheaton Academy for a year just to scoop up one of those 
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I’m in for this
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