Patent ID: 7797202

Claim:
A method of reselling components between two or more users, said components having a set of characteristics, at least a private identification number and a public identification number, said method comprising the steps of: providing an auction web site; registering, using a computer processor, at least two users on said auction web site, wherein said at least two users are each registered using a different identification number and password, wherein one of said at least two users is a seller and one of said at least two users is a bidder; and initiating at least a first and second closed auction on said auction web site, wherein each auction includes: receiving, from said seller, said private identification number and said public identification number for at least one component to be offered for sale in said auction; masking the identities of said seller and said bidder by preventing said user identification numbers for said seller and said bidder from being displayed and generating unique pseudo-account numbers to represent each said seller and said bidder and displaying said unique pseudo-account numbers in each said auction in place of said identification numbers for each of said seller and said bidder; and during said auction, displaying said public identification number for said at least one component and preventing said private identification number for said at least one component from being displayed.