Systems and methods for advanced auction management

A computer-implemented method for managing an auction system, the method implemented on a computer system including at least one processor in communication with at least one memory device, the method comprising:

• transmitting a starting asset price for an auction asset to the plurality of bidder computer devices;
• monitoring, by the at least one processor, the plurality of bidder computer devices to detect a first accept response;
• if a first accept response is not detected, the method further comprises transmitting a reduced asset price for the auction asset to the plurality of bidder computer devices and continuing to monitor, by the at least one processor, the plurality of bidder computer devices to detect a first accept response;
• and
• if a first accept response is detected, the method further comprises:
• determining, by the at least one processor, which bidder computer device of the plurality of bidder computer devices transmitted the first accept response and setting the corresponding bidder as a first bidder;
• transmitting a reduced asset price for the auction asset to the plurality of bidder computer devices;
• monitoring, by the at least one processor, the plurality of bidder computer devices to detect a second accept response;
• if a second accept response is not detected, the method further comprises transmitting a reduced asset price for the auction asset to the plurality of bidder computer devices and continuing to monitor, by the at least one processor, the plurality of bidder computer devices to detect a second accept response;
• and
• if a second accept response is detected, the method further comprises setting the current reduced asset price as a final asset price.

At least one non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor in communication with at least one memory device, the computer-executable instructions cause the processor to:

• transmit a starting asset price for an auction asset to the plurality of bidder computer devices;
• monitor the plurality of bidder computer devices to detect a first accept response;
• if a first accept response is not detected, the computer-executable instructions cause the processor to transmit a reduced asset price for the auction asset to the plurality of bidder computer devices and continue to monitor the plurality of bidder computer devices to detect a first accept response;
• and
• if a first accept response is detected, the computer-executable instructions cause the processor to:
• determine which bidder computer device of the plurality of bidder computer devices transmitted the first accept response and set the corresponding bidder as a first bidder;
• transmit a reduced asset price for the auction asset to the plurality of bidder computer devices;
• monitor the plurality of bidder computer devices to detect a second accept response;
• if a second accept response is not detected, the computer-executable instructions cause the processor to transmit a reduced asset price for the auction asset to the plurality of bidder computer devices and continue to monitor the plurality of bidder computer devices to detect a second accept response;
• and
• if a second accept response is detected, the computer-executable instructions cause the processor to set the current reduced asset price as a final asset price.