- What is the “Will Ether Rock sell for over $600k at Sotheby’s?” market asking?
- It asks whether the following will happen: Will Ether Rock sell for over $600k at Sotheby’s? Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- At the last observation Yes traded at 0.0¢ and No at 100.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 0.0% for Yes and 100.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Feb 29, 2024. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- Sotheby’s has an Ether Rock NFT for auction from February 14-21 (https://sealed.sothebys.com/ether-rock/auction). This market will resolve to “Yes” if the final winning bid is successful and greater than $600,000 (i.e. $600,001 or more). Otherwise, this market will resolve to "No". If the lot is not sold because the final winning bid was lower than the reserve price, this market will resolve to "No." Note: this is a market on the final winning bid price, which does not include buyer’s premium, fees, or taxes. If the auction is cancelled altogether or does not finish by February 29, 11:59 PM… Resolution source: https://sealed.sothebys.com/ether-rock/auction.
- What is the difference between volume, liquidity and open interest?
- 24h volume ($0) is the dollar value of shares traded in the last 24 hours. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
