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Method of sales and marketing primarily involving catalogue advertising, sealed bidding type auctions

  • US 20040098332A1
  • Filed: 11/15/2002
  • Published: 05/20/2004
  • Est. Priority Date: 11/15/2002
  • Status: Abandoned Application
First Claim
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1. A method for conducting an auction, comprising a. organizing availability from a supplier of a certain number of essentially identical items to be auctioned;

  • b. making available to prospective customers relevant information regarding the auction items;

    c. receiving, for a specific time period having a particular starting date and ending date, bids from bidders for the auction items;

    d. sealing the bids after receipt thereof by maintaining all bids in secrecy;

    e. unsealing the bids after the ending date;

    f. placing the unsealed bids in order, high bid to low bid; and

    g. matching the certain number of identical items to the ordered list of bids such that the highest bids are awarded the auction items.

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