How do you have a pencil auction?

A pencil auction involves participants bidding on pencils or pencil-related items, typically in a fun, informal setting. Each participant starts with a set amount of "currency" (such as play money or tokens) to place bids. The auctioneer presents different pencils, and participants raise their bids until the highest bidder wins each item. To keep it engaging, you can include unique or themed pencils and set a time limit for bids on each item.