How works the daily auction?

Hi guys. I´m totally newbie and dont found no tutorial here to support with my doubt. I have interest make a bid in the daily Nouns but I want to know If when I put a bid and other people won the action if my money is gib me back or if this go to treasure.

Someone can help me?


If someone beats your bid, you are given the full amount back.

If you win the auction, it goes to the Treasury.

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