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Computerized Auction System For Use With Multiple Purchasing Media

  • US 20070130054A1
  • Filed: 02/02/2007
  • Published: 06/07/2007
  • Est. Priority Date: 09/21/1999
  • Status: Abandoned Application
First Claim
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1. A method of conducting a network-based auction between at least two potential purchasers bidding upon the same auctioned item utilizing different purchasing media types, the method comprising:

  • (a) displaying to the at least two potential purchasers the auction item that they each have decided to bid upon, wherein each potential purchaser can bid on the auction item using at least one of the purchasing media types accepted by the network-based auction, wherein at least two of the potential purchasers have selected different purchasing media types;

    (b) displaying a current bid price for the auction item to the potential purchaser making the current bid in terms of the at least one purchasing media type utilized by that potential purchaser;

    (c) converting the current bid price and displaying it to at least one of the other potential purchasers in terms of the at least one purchasing media type utilized by that other potential purchaser; and

    (d) permitting a potential purchaser other than the current potential purchaser to place an increased bid upon the auction item in terms of the at least one purchasing media type utilized by that potential purchaser.

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