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AUCTION SYSTEM FOR REMOTE BIDDING AND METHOD

  • US 20050125331A1
  • Filed: 04/23/2004
  • Published: 06/09/2005
  • Est. Priority Date: 12/08/2003
  • Status: Active Grant
First Claim
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1. A system for conducting interactive auctions with remote bidders, the system comprising:

  • an auction system operable to maintain information related to a subject of an auction, the auction system establishing a price at which the subject of the auction is offered; and

    a remote bidder system operable to communicate a bid including bid information to the auction system, the bid accepting the offer for the subject of the auction at the price established by the auction system, the auction system using at least a portion of the bid information and a delay component to determine whether to accept the bid.

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