World of Hyatt's Find platform lets members spend points on experiences rather than rooms, and most of those fixed-price options are only so-so value. The real gems, according to The Points Guy, are the limited-time auctions — and a recent Laver Cup tennis package shows why.

Hyatt auctioned three packages built around the team tennis event at London's O2 arena. Each included two single-session tickets in the ultra-exclusive Legends Club with courtside seats, two nights in a River View king room at the Park Hyatt London River Thames, round-trip transfers, a £300 hotel food-and-beverage credit and a 60-minute couples massage. The writer, who attended as Hyatt's guest, described the Legends Club as a two-level suite with baseline views, free-flowing Champagne and food from 90 minutes before play until the end, plus a Q&A with Andy Murray — a step above even corporate suites at the venue. His second-row seat put him within arm's reach of Carlos Alcaraz.

The winning bids went for 81,583, 120,560 and 160,000 points. At TPG's valuation of 1.65 cents per Hyatt point, that's roughly $1,350 to $2,640 for packages he estimates were worth $5,000 to $8,000 all-in — a return of about 3.1 to 6.1 cents per point, or up to nearly four times the baseline value. That's far better than you'd typically get from a standard hotel redemption.

How it works: auctions live in the limited-time experiences section of Find, where you can sort by closing time or current bid. Opening bids are low — the Saturday Laver Cup package started at just 8,000 points — and prices can spike in the final minutes. New auctions tend to pop up around Hyatt's sports sponsorships, including the Laver Cup and the Audi Revolut F1 Team.

The caveats matter. You need a World of Hyatt account to bid, and every bid is binding: no retractions, no cancellations, no refunds if you win and can't attend — miss it and your points are gone. Read each listing carefully for dates, eligibility and what's not covered (flights, usually). Fixed-price Find experiences, by contrast, have tested as weaker value than simply booking hotel nights.

For anyone sitting on a Hyatt points balance, this is worth a browse before your next redemption. If you're flexible, happen to follow a sport Hyatt sponsors and can commit on the spot, an auction can buy a hospitality experience — VIP access, luxury accommodation, transfers and spa time bundled together — that would cost thousands in cash and simply isn't bookable with points any other way. Just bid only what you'd be happy to lose if plans change, because the points will.