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Method and system for calculating bids in an auction

  • US 20070192231A1
  • Filed: 02/15/2006
  • Published: 08/16/2007
  • Est. Priority Date: 02/15/2006
  • Status: Abandoned Application
First Claim
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1. A method of conducting an auction, the method comprising:

  • positioning a first processor capable of at least calculating bids, determining winning scenarios in an auction, and accepting bids in a location in which the auction is being conducted;

    positioning at least one bid query processor capable of at least calculating bids and determining winning bid scenarios in a location that is accessible to bidders and apart from the first processor;

    wherein said first processor and said at least one bid query processor are in electronic communication with one another such that the bid query processor is capable of accessing information stored in the first processor and determining new winning scenarios based on the information stored;

    providing at least one bidder access to the at least one bid query processor such that the at least one bidder may determine a winning bid query before placing a bid; and

    accepting bids at the first processor.

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