摘要 |
Disclosed is a system and method for conducing an auction using a computer network. The system comprises an auction server for performing auction procedures, at least one buyer interface connected to the auction server; at least one seller interface connected to the auction server, an auction bid module receiving input of bid information including bid prices from buyers (or sellers), and an automatic price reduction module for automatically decreasing (or increasing) an auction bid price if a bid is not made by a buyer (or seller) for a predetermined time. The method comprises the steps of (1) receiving input of auction start information by the auction server such as an auction start price from a seller (or buyer); (2) transferrring, by the auction server, the auction start information to the buyer (or seller) interface; (3) reducing (or increasing) the auction start price by a predetermined amount if a bid is not made by a buyer (or seller) for a predetermined time; (4) receiving bid information from buyers (or sellers) by the auction server; and (5) selecting a successful bidder by the auction server. |