×

Bid positioning system

  • US 20050091149A1
  • Filed: 11/23/2004
  • Published: 04/28/2005
  • Est. Priority Date: 12/23/1999
  • Status: Active Grant
First Claim
Patent Images

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.

View all claims
  • 0 Assignments
Timeline View
Assignment View
    ×
    ×