diff --git a/pom.xml b/pom.xml
index 0fe0001..200d373 100644
--- a/pom.xml
+++ b/pom.xml
@@ -8,7 +8,7 @@
     <artifactId>ultrabackpacks-api</artifactId>
     <name>UltraBackpacks API</name>
     <packaging>jar</packaging>
-    <version>1.1.1</version>
+    <version>1.1.2</version>
 
     <build>
         <finalName>UltraBackpacksAPI-${project.version}</finalName>
diff --git a/src/main/java/dev/drawethree/ultrabackpacks/api/event/BackpackSellEvent.java b/src/main/java/dev/drawethree/ultrabackpacks/api/event/BackpackSellEvent.java
new file mode 100644
index 0000000..502b4e7
--- /dev/null
+++ b/src/main/java/dev/drawethree/ultrabackpacks/api/event/BackpackSellEvent.java
@@ -0,0 +1,40 @@
+package dev.drawethree.ultrabackpacks.api.event;
+
+import org.bukkit.entity.Player;
+import org.bukkit.event.Event;
+import org.bukkit.event.HandlerList;
+
+public class BackpackSellEvent extends Event {
+
+	private static final HandlerList handlers = new HandlerList();
+
+	private final Player player;
+	private double moneyToDeposit;
+
+	/**
+	 * Event fired when player sells the backpack.
+	 * @param player Player
+	 * @param moneyToDeposit original amount to deposit
+	 */
+	public BackpackSellEvent(Player player, double moneyToDeposit) {
+		this.player = player;
+		this.moneyToDeposit = moneyToDeposit;
+	}
+
+	public static HandlerList getHandlerList() {
+		return handlers;
+	}
+
+	@Override
+	public HandlerList getHandlers() {
+		return handlers;
+	}
+
+	public void setMoneyToDeposit(double moneyToDeposit) {
+		this.moneyToDeposit = moneyToDeposit;
+	}
+
+	public Player getPlayer() {
+		return player;
+	}
+}