Auctions

NettyWorth enables users to list eligible collectibles in timed auctions, allowing buyers to compete through transparent bidding and helping sellers maximize market value.

Key features include:

• List eligible collectibles for auction directly from your collection.
• Set a minimum reserve price to ensure your asset is not sold below your desired value.
• Choose the auction duration (where supported).
• Receive bids from verified NettyWorth users throughout the auction.
• View the current highest bid, total number of bids, and time remaining in real time.
• Buyers can place competitive bids throughout the auction period.
• If a higher bid is placed, previous bidders are automatically outbid and may place a new bid before the auction ends.
• The highest qualifying bid at the close of the auction wins the asset.
• Once the auction ends, the winning bidder is automatically charged and ownership is transferred to the buyer.
• Sellers receive payment after the transaction has been successfully completed.
• Users receive notifications for new bids, when they have been outbid, auction endings, and completed sales.
• View all active, completed, won, and lost auctions from your dashboard.
• Auction history is recorded to provide transparency and historical pricing information.

NettyWorth's auction marketplace helps collectors discover fair market value through competitive bidding while providing a secure, transparent, and automated settlement process for both buyers and sellers.