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Default Recording highest and lowest ranking

I have a ranking system for a range of products. They are automatically
ranked each day to show which sells the best and which sells the worst. In a
product information sheet I have a cell which displays "Ranking" it takes the
ranking from a look up table. But in two other cells I would like to record
the highest a products rankign has ever been and the lowest it has ever been.
So basically if the ranking is in cell A1, the value in cell A2 (the highest
ever ranking) has to be If A1 < A2, then A2 = A1, but if A1A2 then A2
doesn't change. I need to do this for around 14 products. Is this possible?
 
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