You may have guessed it — money.
Online she calls herself Elizabeth Raine to protect the "leading" university she is currently attending. She, however, freely admits that she is a highly educated American-born medical student who is serious about the marketing and sale of her virginity for the right price, and so far it seems like it's working.
As of Thursday evening the highest bid on Raine's virginity stood at more than $500,000, according to Elizabeth-raine.com and chances are it could go higher by the time bidding closes at 8 p.m. on May 7.
"To begin, I must be one of the most charmed ladies to have ever lived! I was born in the United States, but soon thereafter my father's work moved my family abroad. In a nurturing international home and through far-reaching travels, I grew into a true child and then woman of the world," explained Raines on the website dedicated to promoting the sale of her virginity.
"At a very young age I learned to live life with wonder, passion, compassion, humor, fearlessness, and an open mind. I still do and believe I always will. I have also been blessed with the best of formal educations. Growing up I attended excellent private schools, I have an honors degree in the sciences, and at present I am a medical student at a leading university," she said.
She explains on the website several reasons why she is still a virgin at 28, including a love-affair with medicine, and is blunt about her reason for auctioning her commodity.
"My primary motivation remains financial, and I can't insult you by pretending otherwise. I have never viewed myself to be a materialistic person, at least no more than is natural, but the potential sums involved are too large to be dismissed. This is especially true when you consider I have no moral objections to my own virginity auction," she explained.
Raines also argued that auctioning her virginity is a sign of empowerment and a woman's virginity shouldn't be seen as more important than her intelligence.
"Believe it or not, I am not without a social conscience and have given considerable thought to the implications of virginity, virginity auctions, and my own actions. As you probably know, in almost every society a high value is placed on a woman's virginity. Unfortunately, far too often, this value is wielded as a tool of female suppression, usually by chaining virginity to morality, in place of more important virtues such as intelligence, kindness, courage and good humor," she noted.
"In stark contrast to this, my independence, education and freethinking mind place me in the very unique and powerful position of being able to do with my virginity what I will. While I do not wish for such a high value to be placed on virginity, this is the current reality," she continued.
"Considering this reality, I ask you, shouldn't the value of virginity benefit women rather than hurt them? I see no good reason why I should not take advantage of mine. So while my virginity auction may be and should be a topic of debate, I hope you can tell it is my sincere belief that I am not on the wrong side of this social issue," she said.