Patent ID: 8930242
Filing Date: 2015-01-06
Classification: G06Q

Abstract:
1. An auctioning system for facilitating bidder participation in an auction for the purchase of a lot, comprising: at least one data processing device and a memory in communication with the at least one data processing device, the memory storing instructions which, when executed executable by the at least one data processing device, cause the at least one data processing device to: (a) receive a plurality of messages from a plurality of bidders for the lot, each message including a bid for the lot; (b) determine whether each of the plurality of messages comprises an acceptable bid; (c) for each acceptable bid received from one of the bidders (d) at a close of the auction, determine which one of the bidders is associated with the lowest unique bid, wherein the lowest unique bid is a winning bid in the auction for the purchase of the lot, wherein at least one acceptable bid is not the winning bid.