Finding the lowest value in a table greater than a certain value

Question

Say I have the following data

Name      Value
===============
Small        10
Medium      100
Large      1000

Imagine that these represent the

Answer 1

select a.newvalue from (
select MIN(value) as newvalue, 1 as order  From table where value > @param
union select MAX(value) as newvalue, 2 as order from table) A
order by a.order