A system for conducting interactive auctions with remote bidders is
provided. The system includes an auction system operable to maintain
information related to a subject of an auction and a remote bidder system
in communication with the auction system. The remote bidder system is
operable to communicate a bid including bid information to the auction
system based on a price for the subject of the auction. The auction
system uses at least a portion of the bid information to accept the bid
where the price for the subject of the auction is the same when the bid
is processed by the auction system and to reject the bid where the price
for the subject of the auction has changed when the bid is processed by
the auction system.