It’s a lesson in economics; supply and demand: The Senior Parking Lot Auction
On September 16, the Associated Student Body’s senior class officers put on the annual senior parking lot auction. The auction, which took place in the Valhalla theater at around 7:00 p.m, is a way for seniors to purchase a parking spot on campus while also fundraising to offset the costs of Prom, Don-Ho day, and other senior activities.
The night began with simple rules: “Only one spot per person. This auction is one night only, there are no other times to purchase a spot. There also is no threatening or ‘Don’t Bid Against Me Clauses’.” -said assistant principal Sam Lund
Auctioneer for the night was physics teacher Keith Mckee, and with the first spot selling for $290, the auction was off to an expensive start. The spots this year started at $40 but went as high as $300. The average price for a spot came out to around $130, and the final profit of the auction came out to $18,100, which was $1,110 more than last year.
“A good deal is a good deal to the person making the purchase,” said finance director Connie Kaminsky when talking about the prices that consumers paid for parking spots.
With the selling of about 150 spots, seniors were able to park next to their friends and later, paint their spots together.
“I’m just trying to get a spot next to my friends, I’ll probably put something Harry Potter [related] on the spot,” said senior Cecilia Li.
Many friends went in to the auction with the ultimate goal of getting spots near each other. Hayley Omahen, Emily Olmsted, and Amanda Valdez all ended up walking away with a spot close to each other.
Valhalla teachers also support the auction, and if possible, some would even participate. “I would park in the 4th row in the middle of the staff lot between the 1st and 3rd spot. I would probably put something like v²f=vi² + 2aΔx if I could paint it. It [The Senior Parking Lot Auction] is an excellent fundraiser.” McKee said.