> For the complete documentation index, see [llms.txt](https://whitepaper.scove.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.scove.io/marketplace/how-does-it-work/how-to-create-an-auction-for-my-nft.md).

# How to create an auction for my NFT?

When you place your NFT on Scove.io via an auction, your NFT is sent to a decentralised smart-contract. You have the choice to set some options:

* The date and time of the start of the auction 
* The end date of the auction: when the auction ends, the highest bidder wins, if the minimum price is not reached (reserve price), the owner can recover his NFT
* Starting price: bids below this price will not be accepted 
* Reserve price: If this price is not reached at the end of the auction, the NFT is not sold. 
* The acceptance price: Once this price is reached, the auction will be automatically concluded, the NFT will be awarded to the buyer and the EGLDs sent to the seller.