Methods, apparatuses and article of manufactures of an electronic auction system that receives at least one bid to purchase an item that is available for auction during a period of time. The period of time comprises a plurality of time increments. The system also uses a computing device to determine that the auction for the item has ended. The act of determining includes determining that at least one of the following events has occurred: (ii) a first quantity of bids received during a first time increment is less than a first pre-determined number; and (iii) a second quantity of bids received during a second time increment is less than a second pre-determined number. Based on pre-determined criteria, the system also determines a winning bid from a plurality of received bids. In addition, the system transmits to a remote device a notification of the winning bid. The remote device and the computing device are in communication via a network. The system also processes a payment of the item.