Instant ownership auction method

摘要

An auction instrument imposes an initial seller obligation for an initial seller to sell an auction item to a first purchaser upon the first purchaser issuing a first bid purchase and a first purchaser obligation to sell the auction item to a second purchaser upon the second purchaser issuing a second bid purchase. The auction instrument also imposes a first purchaser obligation to provide monetary consideration to the initial seller upon issuing the first bid purchase and a second purchaser obligation to provide monetary consideration to the first purchaser upon issuing the second bid purchase.