The auction is a type of sale in which an artwork is given to the person who offers more money. In this way, the artist indicates a starting price for which he is willing to sell his artwork, and collectors place bids that increase in value as more collectors participate in the auction.
Collectors will have a limited time to bid on the artwork. Once this time is over, the person who made the last bid, and therefore the highest bid, will be the one who receives the artwork. How to bid?
People who have participated in the auction and have not won will have to get their money back. The person who wins the play will have to Claim their NFT.
From the artwork detail, you can see all the information about the auction:
