[auctions] What happens to my item once I auction it in the Player Market?

[Eve]

When you place an item into auction, the item will remain in your inventory for the duration of that auction. You are welcome to equip the item as well. If the auction closes with no bids, you maintain possession of the item. If the auction closes and the item is sold to an eligible buyer (has enough EP to cover it, does not already own the item), the item is removed from your inventory or character and the EP minus commission is given to you.