Every good afterparty needs an auction. PYOL is an opportunity to bid on bespoke goods and services of various flavors. Market participants will use Clips, Arbor's fake currency, to place bids on weird items, and can earn additional Clips only through auctioning off items of their own. The Clips liquidity distribution among the audience will go through some drastic upheavals. Fun will be had by most.
Let me be extremely clear: we will not be using real money. Do not bring dollars to our auctionhouse and expect to receive goods and services in return. Where we're from, we only use pretend money.
Past auction items have included a private flight over SF for four, dumb arbitrage ideas, onions for IMMEDIATE delivery, a medium sized favor, a king sized bed, the right to replace me as auctioneer, and one baby[1].
Also there will be revelry, socializing, and some amount of liquidity flowing.
[1] Ada When, for one night.