Abstract: A method for conducting online timeshift auctions is disclosed. Online timeshift auctions are slight, but qualitative modifications of the existing popular auctions where items are offered for a fixed time period. According to one embodiment, conducting a standard timeshift auction comprises the following steps: the seller sets the predetermined auction period (10), the timeshift interval (30) that determines a closing portion of the predetermined auction period (10), the starting price (12), etc. At the end of the predetermined auction period (10), the highest bidder who had placed at least a single bid before the countdown of the timeshift interval (30) started, obtains the item. Other embodiments are described and shown.