# Bidding in Auctions

How auction bids work:

When bidding in an auction, the amount you bid is transferred and held in escrow via the marketplace contract. 

Your bid will remain in escrow until either of the following occurs:

* You are outbid, and are no longer the highest bidder
* Someone buys out the auction for the buyout price
* The auction ends

For the first 2 instances above, if someone buys the listing for the buyout price, or you are outbid, the marketplace contract will automatically return your funds to your wallet. 

When an auction ends, and you are the highest bidder, your bid amount is then transferred to the seller, and you will receive the token.

## To bid in an auction

<figure><img src="/files/mnSFtgAXjTTZXfehTS6X" alt=""><figcaption></figcaption></figure>

&#x20;Click on the "Place Bid" tab on the auction page

<figure><img src="/files/qb5KCehJh9V1pe4rPdaD" alt=""><figcaption></figcaption></figure>

Enter your bid amount, and click "Place Bid"

{% hint style="warning" %}
Bid amounts MUST be higher than the starting bid if no current bids.&#x20;

If the token does have a "Current Highest Bid" bid amount must be larger than the  "Current Highest Bid"
{% endhint %}

<figure><img src="/files/8uUJ02hI5tWjAQAeV0he" alt=""><figcaption></figcaption></figure>

Once you have placed the bid, you then become the highest bidder

{% hint style="success" %}
Bidding in auctions are worth[ 2 points](/oohhwwee/features/leaderboard/oohhwwee-points.md#points) per bid!
{% endhint %}

## Buy out an Auction

<figure><img src="/files/p29P160KF1iVOyOAzUhS" alt=""><figcaption></figcaption></figure>

To buy out an auction, click the "Buy Now" tab and click the "Buy Now" button. This will end the auction, awarding you the sale


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