摘要 |
A method for the auctioning of a multiple number of substantially similar items to a number of individual bidders including the following steps. Providing an indication of the number of substantially similar items available for auction, the minimum selling price for each item and a closing time for the auction. Receiving Individual bids from the bidders above the minimum and with each bid recorded and tabulated. At the closing time of the auction, comparing the number of bids with the number of available items and if more than the available items then the excess lowest bids are discarded and if less than the available items then all the bids are counted to provide a number of winning bids equal to or less than the available items. Determining the final selling price for all winning bidders to be the lowest winning bid received from a bidder
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