Cheapest unique bid

摘要

The invention differs from traditional auction methodology, wherein the highest bidder is the successful bidder, to the lowest unique bidder is the successful bidder. The invention also differs from traditional and internet auctions, in that, no bidder is aware of any other bidder's bid(s). The invention differs from all other auction methodologies in that it compensates multiple lowest unique bidders as defined in claim number 3, who were not the successful bidder as defined in claim number 2.