Method of conducting a maximum buyout price amount auction

摘要

A method of conducting a maximum buyout price amount auction that comprises the steps of: 1. placing an item for auction on an auction site by a seller; 2. stating a maximum buyout price amount for the item on the auction site by the seller; 3. indicating a start time for the auction on the auction site; 4. listing all bids received from bidders for the item on the auction site; 5. accepting the highest bid from the highest bidder on the auction site by the seller, even though the highest bid may not be the maximum buyout price amount; 6. stopping the auction on the auction site; 7. informing the highest bidder that the bidder has won the auction on the auction site; 8. making payment to the seller of the item by the highest bidder; and 9. sending the item to the highest bidder by the seller.