If you have a really premium domain you can try the 7 day auction but otherwise, you won't see any traffic or bid, personal experience. I usually just list the domain with buy now or make offer and wait
I would recommend you to ask for domain name appraisal first. Than when you understand possible rates make decision. That might be your domain name is premium one and there is a demand for it on the market.
If you can find an auction website that allows you to put a really high reserve price on the domain then you can see what your highest bid was for the website without it selling.
If for some reason it sells at the ridiculous high reserve price you set, well then that was a win for you! It's a good way to get a real world appraisal.
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