Jackson Page and Kaspar Soltero are both fourth-year mechanical engineering students at the University of Canterbury, and are both helping to run the event.
The club hosting the event is the Op-Shopping Society of Canterbury, otherwise known as OpSoc.
Jackson says the auction has been one of the staple events for the last five years running.
"It's one of the most unique events that we do as a club. No one else does anything quite like it really, most events are just parties for social clubs, so for us to give back to the community, it feels a bit more special."
The students running the event get other students to donate art or create some themselves, and then auction it off. The artists get no money, but 'get paid in warm feelings' by creating for a good cause.