SYSTEM AND METHOD OF AUCTION

摘要

A system and method for conducting a multi-person auction via a computer and communications network is provided. The system allows a small amount of charges for a bid to be collected when the participants place bids over a network, and assists a winner financially by cutting down the winner's expense by the total collected amount from the bidders. The auction mechanism is divided into multiple steps. Sellers apply for putting items up at an auction. Bids are invited and commenced for the items. The device displays auction items on the user's terminal. Participants bid for the auction items. It collects small amount of charges from the bidders at the beginning of bid, determines a winner of the participants based on the bids, makes a charge for the price of the sold item, delivers the item to the winner and pays the seller price of the item.