# Buy NFT on timed auction

<figure><img src="https://2392428387-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F31iXiIyDeauSbLgZfUJc%2Fuploads%2F0E9iJcFCVAAlKpYJXMM1%2Fimage.png?alt=media&#x26;token=8beb9a95-266e-4182-8e49-ff983a49cce1" alt=""><figcaption></figcaption></figure>

1. The buyer can pay the Buyout Price and  purchase NFT and be the owner immediately. One should click Buyout and make the payment to complete the transaction on NFT 's page. &#x20;
2. Or the buyer would place a competitive bid on NFT . At the end of the auction, NFT is sold to the buyer who would pay most. To place a bid one has to click "Make offer"&#x20;

<figure><img src="https://2392428387-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F31iXiIyDeauSbLgZfUJc%2Fuploads%2Fp6c1ZAXeze3SktE3O3u4%2Fimage.png?alt=media&#x26;token=3582100b-ebe7-4b7f-ac64-ed9c0d7b33b4" alt=""><figcaption></figcaption></figure>

The bids can be listed on NFT page under BIDS.&#x20;
