Method and system for conducting electronic auctions with multi-currency bidding

摘要

A method and system for conducting electronic online auctions using multi-currency bidding is disclosed. Each of the bidders can specify bids in their own distinct local currency. The originator of the auction compares the submitted bids in a base currency after the local currency bids are transformed from the local currency into the base currency. Each of the bidders views a relative comparison of bids in the context of their own local currency.