What is detailed procedure of 7 days public auction?

[Mr.Natwarlal]

Can anyone tell me the detailed procedure of 7 days public auction?

I have godaddy auction account, and I have applied for one domain as seller. They said it will appear within 72 hours. When should I transfer my domain name to the bid winner?

 

[Name Trader]

This is confusing for me. You have placed a domain on a seven day public auction and sold it before the 7 days are up? Yo are not allowed to do that. You have to wait the 7 days and GoDaddy will handle the transfer.

 

[Mr.Natwarlal]

Hey Stub,
No you are not getting it.. I have placed my domain in auction, and I have no idea how to transfer the domain name to the prospective bid winner. Am I supposed to transfer the domain after 7 days or Godaddy will tell me. When I will get payment if auction succeeds.