KEY POINTS:
As the clock etches towards 5pm, Nicael Holt is counting down the final hours before he farewells life as he knows it.
At 5.11pm, an eBay auction will close, and Holt will hand over his life to the highest bidder.
The 24-year-old Australian man from Wollongong, New South Wales, is selling off his life, including ownership of all his possessions, his skills, his friends and lovers and his job.
The winning bidder will receive a four week training course from Holt, during which time he will teach the new Nic six jokes and a range of skills, including surfing, handstand skills, fire twirling skills and more.
Holt's reasons for selling his life are somewhat unclear. On his website, www.nicael.com, he writes: "I did this because I was a little intrigued as to what exactly constitutes a life; a little intrigued as to what people want that they aren't receiving from their current life; a little bit because I'm a socialist and was hoping to make a point that the amount and type of things that are for sale in this world is insane and wasteful; a bit because I was a little intrigued as to what makes me who I am and at exactly what point in this experiment will I lose it, if ever."
Along with Holt's 15 close friends, 170 general friends and eight potential lovers, the successful bidder will take on Holt's two nemeses and his "cruisy job in March delivering fruit".
So far bids stand at A$7,269.69. Earlier in the week, bids peaked at A$30,3000 but the figure was lowered after hoax bidders were identified.
Holt has pledged to donate 30 per cent of the auction profits to Arafmi - an Australian charity that supports the families of those living with mental illness.
Since listing the auction last week, Holt has become the centre of a media storm, prompting the young entrepreneur to make a documentary of his exploits, which will also feature the winning bidder.
After training his successor in the ways of Nicael, Holt plans to travel the world without spending any money.
Discussing his future plans, Holt told the Sydney Morning Herald: "I don't mind if I have to live on the street for a while, and I don't mind doing some work in a bar, where I get accommodation and food in exchange."
Those interested in bidding on Holt's life will find further information his website www.nicael.com.
