silent auction

noun
an auction at which previously submitted written bids of prospective buyers are opened and compared, with each item being sold to the highest bidder.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Local businesses can also donate items for gift bags, raffle prizes or the
  silent auction.
Donations of sports related items for a silent auction table, or donations in
  any amount are also being accepted.
The silent auction offers the opportunity to pick up some great deals.
In addition to a delicious dinner, the fundraiser will feature a silent auction
  and raffle.
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