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Bid positioning system

  • US 20030236739A1
  • Filed: 03/10/2003
  • Published: 12/25/2003
  • Est. Priority Date: 12/23/1999
  • Status: Active Grant
First Claim
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1. A method for establishing a bid proxy for a plurality of bidders in a computerized auction, over a computer network comprising the steps of:

  • a) receiving at least one bid from each of the plurality of bidders over the computer network;

    b) receiving at least one bid limit from each of the plurality of bidders over the computer network;

    c) receiving at least one bid position from each of the plurality of bidders over the computer network;

    d) selecting a lead bid from said at least one bid placed by each of the plurality of bidders;

    e) calculating a re-bid for each of said at least one bid placed by each of the plurality of bidders by positioning said re-bid based upon the bid position in relation to said lead bid; and

    f) selectively replacing said at least one bid for each of the plurality of bidders with said re-bid.

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