How does the bidding system work?

[LawPhilos]

I'm here to try and sell some of my builds. I've looked through the Premade Builds section and I keep seeing threads where different creations are(I presume) being auctioned off. How does that work? What does "BIN" mean? How would you suggest I set up an auction myself?

Thanks your all your help!

 

[PandaPlaysAll]

Auction is essentially a set time period for a product to be sold. Starting from a specific price people can suggest how much they are willing to pay. And the guy who 'bids' the most will when the product by the time when it runs out.
You suggest by just setting a time period for your product to be sold by. And having a BIN of (buy it now) If you have a price you really want.