| 摘要 |
An online auction method for real estate and other high-value items. Auction parameters including property identification and reserve price data are captured with respect to properties to be sold and stored in auction profile records in an auction database. Auctions of properties listed for sale are conducted via a website system within an auction bidding window. The bidding window is extended by a bidding window extension period each time that a higher qualified bid is received, providing bidders with a minimum timeframe to make a highest bid before the auction closes. Bidders are required to provide a security deposit to participate in the auction, and the identity or qualifications of sellers is verified. |
