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Chinese auction. A Chinese auction is a combination of a raffle and an auction that is typically featured at charity, church festival and numerous other events. Can also be known as penny social, penny sale, tricky tray or pick-a-prize according to local custom, or to avoid causing offense.
The difference between a raffle and a Chinese auction is that in a raffle with multiple prizes, there is one hat from which names are drawn, but in a Chinese auction each prize has its own hat. This allows ticket buyers to choose which prize to focus on, as opposed to having a first, second, third, etc. prize.