Patent ID: 8065224

Claim:
A method for conducting an auction of a plurality of types of items among a plurality of users implemented on a computer system comprising an auction computer and at least one user computer located remotely from said auction computer, the method comprising: a) transmitting information from said auction computer to at least one user computer, said information including at least current proposed prices for each of the types of items; b) receiving for processing at said auction computer bid information from users, said bid information including one or more bids, at least one of the bids comprising a set identification Si which identifies a set of items that a user proposes to transact at the current proposed prices, at least one of said set identifications identifying a set containing at least two different types of items; c) determining, at said auction computer, in response to the bid information, whether the auction should continue or terminate; and d) transmitting, in relation to a determination to continue the auction, a message to at least one user computer indicating that the auction will continue, said message including an updated current proposed price for at least one of the types of items.