StockX is bringing a new shopping experience to users starting this week, with the launch of StockX Auctions.
The Detroit-based resale platform says its new bidding platform is different from the traditional auction system. Bidding for every item starts at $1, and there is no reserve for the final price being sold.
The StockX Auction platform opens on Nov. 6 at 12 pm ET, with 28 coveted sneakers up for grabs, including the Nike Mag, the unreleased "Syracuse" Futura x Off-White x Nike Dunk Low, the "EYBL" Kobe 6 Protro, the "MF Doom" Nike SB Dunk High, just to name a few. The first auction runs for seven days and will close on Nov. 13 at 4 pm ET.
“Our community has consistently shown a passion for unique, hard-to-find items, so StockX Auctions is a natural evolution for us," StockX CEO Greg Schwartz said. "This new experience creates a trusted, transparent, and genuinely exciting space where collectors can access items they’ve only dreamed of. By combining our verification expertise with real-time bidding, we’re expanding what it means to invest in culture."
StockX confirmed that the new auction platform will be available first in the US at launch and is planning to expand the experience globally in the future.