The event is held annually to recognize the top seller among the thousands of women worldwide who sell their worn lingerie in the used lingerie fetish community.
The nominations and award voting comes from fans, buyers, and peers of used lingerie sellers. In addition to the Seller of the Year category, nominations are accepted, and winners announced, in related categories such as Buyer of the Year, and Best New Seller.
The Golden Panty Awards began in 2005. Each year, the winners are announced during a live, interactive multimedia event hosted online by the Used Panty Portal.
Used Panty Portal launched in 2004 as a news and information service for the Internet's lingerie fetish community. The site features member galleries and blogs, panty news, panty stories and additional content.