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Online bidding system with interactive voice recognition interface

  • US 20050080712A1
  • Filed: 06/25/2004
  • Published: 04/14/2005
  • Est. Priority Date: 06/18/2003
  • Status: Abandoned Application
First Claim
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1. An auction system, comprising:

  • a preliminary bidding component configured to offer for auction a plurality of items for a preestablished duration of time in a preliminary auction, the preliminary bidding component further configured to accept bids for the items from remote bidders during the preliminary auction; and

    a dynamic real-time virtual auction component configured to execute after the preliminary auction, the dynamic real-time virtual auction component configured to offer for auction items that were offered for auction in the preliminary auction whereby an initial asking price on each item is based upon a bid for the item received during the preliminary auction, the dynamic real-time virtual auction component further configured to accept bids for the items from remote bidders and to automatically update the display to remote bidders as the dynamic real-time virtual auction proceeds.

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