Patent ID: 7831477

Claim:
A method for re-posting a good for sale using a consignment node computer and at least one participant terminal comprising the steps of: posting a used or collectable good using a consignment node computer by creating a data record for said good, the data record having identification information for said good and an offer price of said good; displaying data related to said good on a participant terminal in response to a participant request from said participant terminal; receiving an offer to buy said good from said participant using said participant terminal; receiving, from said participant using said participant terminal, a selection indicating to transfer electronic ownership of the good to the participant and post a new offer defined by the participant, said new offer including a new offer price; transferring ownership of said good by said consignment node computer to said participant by changing an ownership entry in the data record of said good; changing said offer price of said good to reflect said new offer price as defined by said participant, wherein only said offer price is changed as part of said new offer; and re-posting said good at a consignment node computer selected by said participant, said good re-posted at said new offer price.