Auctions are English style, settlement occurs in the lot's currency, outbid refunds are automatic, royalties follow EIP-2981, physical delivery uses three tiers, risk of loss transfers on delivery, winner identity verification can be required above a threshold, disputes are time-boxed with an escrow path for physical lots.
Crypto transactions are final and fees are disclosed before signature.
All auctions follow the English auction format with ascending bids. Anti-sniping protection automatically extends auctions by 5 minutes when bids are placed in the final moments. Reserve prices, when set, are disclosed before bidding begins.
Settlement occurs automatically in the lot's designated currency (ETH, USDC, etc.). Smart contracts handle fund transfers, NFT minting, and COA generation. Physical items are released for shipping only after on-chain settlement confirmation.
Outbid refunds are processed automatically through smart contracts. Winning bidders may request refunds only in cases of material misrepresentation, with disputes handled through our escrow system. Refund requests must be submitted within 48 hours of delivery confirmation.
Creator royalties follow the EIP-2981 standard and are enforced on-chain. Royalty percentages are set by the original creator and cannot exceed 10%. Royalties are automatically distributed on secondary sales through compatible marketplaces.
White-glove delivery: Premium packaging, signature required, full insurance coverage
Insured express: Expedited shipping with tracking and insurance up to lot value
In-person handover: Available in select metropolitan areas by appointment
Risk of loss transfers to buyer upon delivery confirmation or pickup.
Winners of lots exceeding $10,000 USD equivalent may be required to complete identity verification before physical delivery. Verification is handled by our trusted third-party partner and data is encrypted off-chain. Failure to complete verification within 7 days may result in lot re-auction.