# English Auction

NFTs available for sale: Sell your single NFT in a British auction.

Auction bidding method: The British auction is an open-outcry ascending dynamic auction. The lowest price quoted cannot be lower than the starting price of the auction.&#x20;

Final bid method: The highest bid order is taken as a tradable buy order in the final auction; the order is filled by the NFT seller.

2.5 service fees shall be charged when the transaction between maker & taker is executed.&#x20;

## **How do I sell an NFT at an English auction.**

**Prerequisite:** Connect your [crypto wallet](../getting-started/blockchain-and-tokens-and-crypto-wallet) to PlaNFT.

**Step 1:** Click on your Profile Picture on the top right corner of the PlaNFT webpage and go to **My Wallet**. You will find your NFTs under the Assets tab.

{% hint style="info" %}
Provide your smart contract address and token ID to PlaNFT support if you can not find your NFTs.
{% endhint %}

**Step 2:** Click on the three-dot menu on the NFT that you want to sell.

**Step 3:** Click **Sell** to confirm on the bottom of the page.&#x20;

**Step 4:** Click **Sell** at the bottom of the page. You will be prompted to the List item for sale page.

**Step 5:** Set up the parameters.

* **Sale method:** Select **English Auction**.
* **Auction Starts：**&#x53;et your NFT starting bid, you need to select the corresponding currency and value, the minimum value is 0.00001. Because the British auction is an auction in ascending price order, the price parameter will determine the minimum price of the bid during the auction process, bid cannot be lower than the starting price of the auction.
* **Reserve Price:** Reserve price must be higher than price starts, you need to select the corresponding token and value. The price parameter will determine whether the auction bid can become a valid auction order. Auction bids lower than the reserve price will be converted into **Make Offer** orders, it will not be able to make a deal with the NFT Owner during the auction process.
* **Valid Until:** Set the time of NFT listing (year-month-day hour:minute:second).

{% hint style="warning" %}
- If it is outdated and not sold, the NFT will be automatically delisted, and you will no longer see the NFT information you listed in your NFT's Listings & Offers>Listings. If you need to sell, you need to re-list to sell.&#x20;
- If the NFT buyer has placed a bid within the time set by Valid Until, then you will be  able to see the NFT buyer's bid in your NFT's Listings & Offers>Offers within 3 days after the expiration of Valid Until (The NFT buyer's bid will not be displayed immediately after placing a bid, and the NFT buyer's bid will expire 3 days after Valid until), you can choose to sell now then.
- If the NFT buyer has made an offer within the time set by Valid Until, then you will see the NFT buyer's offer in your NFT's Listings & Offers>Offers within 7 days after the expiration of Valid Until (make offer will expire 7 days after valid until),  you can choose to sell now then.
- During the auction process, the auction cannot be cancelled.
{% endhint %}



* **Reset:** (Optional) Click **Reset** to clean up all the parameters you set if you find the parameters are incorrect. And reset all the parameters again.

**Step 6:** Click **Complete Listing.**

**Step 7:** If it is the first time to use the wallet to trade, you need to complete the following authorizations in sequence.

{% hint style="info" %}
1. Click **Confirm** to authorize your crypto wallet address to the PlaNFT transaction agency contract, you need to pay a small amount of gas fee during this process.
2. Click **Confirm** to authorize your NFT to PlaNFT transaction contract.
3. If the pending order currency is ERC20, you also need to click **Confirm** once to authorize your ERC20 token. If it is a native token, this step is not required.
{% endhint %}

**Step 8:** Click **Sign** to confirm the transaction. You will see the following page as shown below after the transaction is successful.

<figure><img src="https://2861546396-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzVJsLxxAUEvkX18NsLbW%2Fuploads%2FSVfRuUxoD7ycf9fi8qP1%2Fsell-english-auction.jpg?alt=media&#x26;token=c85e2e4f-5a3d-4e2d-a779-7e3ff3a1ef70" alt=""><figcaption></figcaption></figure>

**Step 9:** Select the bid or offer you are satisfied with in **Listings & Offers**>**Offers** of your NFT. You will see the following page as shown below and click **sell now.**

<figure><img src="https://2861546396-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzVJsLxxAUEvkX18NsLbW%2Fuploads%2FWiMSN0hYd9s2PQy3myBM%2Fsell-now.jpg?alt=media&#x26;token=3c8275ec-22d3-4329-8fb6-bc6843b0bad7" alt=""><figcaption></figcaption></figure>

