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Multi-round auction and internet marketplace

  • US 20010049647A1
  • Filed: 12/21/2000
  • Published: 12/06/2001
  • Est. Priority Date: 12/22/1999
  • Status: Abandoned Application
First Claim
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1. A marketplace, comprising:

  • an Internet website content supported on a webserver that allows frequent buyers and sellers to pre-register and pre-qualify one another so that surplus merchandise can find a quick and ready market;

    a retail-content computer-program module included in the Internet website content;

    an authenticated trading computer-program module included in the Internet website content;

    a staged-auctions computer-program module included in the Internet website content;

    a trading-tools computer-program module included in the Internet website content; and

    an integrated purchase-order fulfillment computer-program module included in the Internet website content;

    wherein, sellers can conduct auctions of merchandise over the Internet in at least two rounds in which a first round is limited to a select group of said buyers.

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