20-year-old woman auctioning off her virginity to raise money for her family
20-year-old Katherine Stone has decided to auction off her virginity for the sake of her family.
Later, Stone came across a Facebook ad for a legal brothel in Nevada. Prostitution is legal in some counties in the state.
"I talked to my people and I talked to her and she convinced me that this is something she wanted to do," Hof told InsideEdition.com.
With support from her mother, Stone said goodbye to her old home and made her way to one of Hof's brothels, where she now lives.
"I was definitely scared throughout the whole thing," Stone told InsideEdition.com. "I was intimidated because I was brand new to the sex industry."
Despite her fears, she said all of the ladies who work at Hof's brothel are supportive.
"It's just a good environment; we have fun here," she said.
The current bid for Stone's virginity has reached $400,000, but no offers have been accepted just yet.
According to Hof, she is looking for Mr. Right.
"She hasn't found the right situation," said Hof. "She's had guys that she's liked that didn't have enough money and she's had guys that had enough but she didn't like them."
Hof said due to Stone's situation, he won't accept any of the profits.
Stone said she's waiting for someone to make her feel comfortable with what she's doing and, while there have been negative criticisms online, Stone won't let it affect her.
"The whole time I've been here, I've come to terms with what I'm doing," she said. "I'm definitely ready."