# 7. Auction House

The <mark style="color:orange;">**Auction House**</mark> is where players can buy and sell game assets between themselves, using [nuggies](https://docs.capnco.gg/game-guide/4.-currencies#premium-currency). The Auction House is accessible in-game from the main ESC menu.

Players place <mark style="color:orange;">**buy orders**</mark> and <mark style="color:orange;">**sell orders**</mark> at prices they choose. These populate an order book, and the best buy orders and sell orders are matched.

When players place a buy order, the nuggies needed to execute the order are held in escrow until the order is either completed or cancelled. When players place a sell order, the item needed to execute the order is held in escrow similarly.&#x20;

A 7.5% transaction tax applies to all trades performed in the Auction House.

{% hint style="info" %}
Players that have a [Pirate Pass ](https://docs.capnco.gg/game-guide/how-to-play/11.-pirate-pass)and have passed verification in their [profile](https://kap.gg/profile) can withdraw items as NFTs.&#x20;
{% endhint %}