Electronic Auction Aggregation

• US 20080065504A1
• Filed: 09/13/2006
• Published: 03/13/2008
• Est. Priority Date: 09/08/2006
• Status: Abandoned Application

• Current Assignee: Newmark Communications Incorporated
• Original Assignee: Newmark Communications Incorporated
• Inventors: Wang, Randolph, Newmark, David
• Application Number:
  US11/531,675
• Publication Number:
  US 20080065504A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

A method enables a seller to bid in multiple electronic reverse auctions. The method includes determining auctions for which the seller is eligible, informing the seller of the eligible auctions, and receiving a selection indicating which of the eligible auctions the seller will participate in. The method also includes receiving a single bid from the seller, and applying the single bid to each of the selected auctions. Based upon the single bid, as well as bids from other sellers, winnings are determined for each of the selected auctions.

Claims

1. A method for enabling a seller to bid in a plurality of electronic reverse auctions, comprising:

determining a plurality of auctions for which the seller is eligible;

informing the seller of the plurality of eligible auctions;

receiving a selection indicating which of the eligible auctions the seller will participate in;

receiving a single bid from the seller;

applying the single bid to each of the selected auctions; and

determining winnings in each of the selected auctions, based upon the single bid and bids from other sellers.

2. The method of claim 1, further comprising displaying a total amount of winnings comprising a sum of winnings for each selected auction.

3. The method of claim 1, further comprising displaying winnings for each selected auction.

4. The method of claim 1, in which the single bid comprises a minimum bid.

5. The method of claim 4, in which the determining winnings further comprises calculating winnings based upon increased bids, the increased bids including a first increased bid that is higher than the minimum bid and a second increased bid that is higher than a minimum bid from another seller.

6. The method of claim 1, further comprising:

receiving an adjusted single bid from the seller;

applying the adjusted single bid to each of the selected auctions; and

determining new winnings in each of the selected auctions, based upon the adjusted single bid and bids from other sellers.

7. The method of claim 6, further comprising receiving an alternate bid from another seller;

and determining revised winnings based upon the received alternate bid.

8. The method of claim 1, in which the single bid comprises a number of available advertising spots and a cost for each advertising spot.

9. The method of claim 8, in which the winnings comprise a number of won advertising spots and a dollar amount, the dollar amount being based upon the number of won advertising spots and a winning price for each advertising spot.

10. A method for enabling a seller to bid in a plurality of electronic reverse auctions, the seller controlling a plurality of entities, the method comprising:

determining auction(s) for which each controlled entity is eligible;

informing the seller of the eligible auction(s) for each controlled entity;

receiving a selection indicating which eligible auction(s) each entity will participate in;

receiving a single bid from the seller for each controlled entity;

applying the received single bids to each of the selected auctions; and

determining winnings in each of the selected auctions for each controlled entity, based upon the received single bids and bids from other sellers.

11. A computer readable medium storing a computer program for enabling a seller to bid in a plurality of electronic reverse auctions, comprising:

a determining code segment that determines a plurality of auctions for which the seller is eligible;

an informing code segment that informs the seller of the plurality of eligible auctions;

an auction selection receiving code segment that receives a selection indicating which of the eligible auctions the seller will participate in;

a bid receiving code segment that receives a single bid from the seller;

an applying code segment that applies the single bid to each of the selected auctions; and

a winnings code segment that determines winnings in each of the selected auctions, based upon the single bid and bids from other sellers.

12. The medium of claim 11, further comprising a total winnings displaying code segment that displays a total amount of winnings comprising a sum of winnings for each selected auction.

13. The medium of claim 11, further comprising an auction winnings displaying code segment that displays winnings for each selected auction.

14. The medium of claim 11, in which the single bid comprises a minimum bid.

15. The medium of claim 14, in which the winnings code segment further comprises a calculating code segment that calculates winnings based upon increased bids, the increased bids including a first increased bid that is higher than the minimum bid and a second increased bid that is higher than a minimum bid from another seller.

16. The medium of claim 11, further comprising:

an adjusted bid receiving code segment that receives an adjusted single bid from the seller;

an adjusted bid applying code segment the applies the adjusted single bid to each of the selected auctions; and

a new winnings code segment that determines new winnings in each of the selected auctions, based upon the adjusted single bid and bids from other sellers.

17. The medium of claim 16, further comprising an alternate bid receiving code segment that receives an alternate bid from another seller;

and

a revised winnings code segment that determines revised winnings based upon the received alternate bid.

18. The medium of claim 11, in which the single bid comprises a number of available advertising spots and a cost for each advertising spot.

19. The medium of claim 18, in which the winnings comprise a number of won advertising spots and a dollar amount, the dollar amount being based upon the number of won advertising spots and a winning price for each advertising spot.

20. A computer readable medium storing a program for enabling a seller to bid in a plurality of electronic reverse auctions, the seller controlling a plurality of entities, the medium comprising:

an eligible auction code segment that determines auction(s) for which each controlled entity is eligible;

an informing code segment that informs the seller of the eligible auction(s) for each controlled entity;

a selection receiving code segment that receives a selection indicating which eligible auction(s) each entity will participate in;

a single bid receiving code segment that receives a single bid from the seller for each controlled entity;

an applying code segment that applies the received single bids to each of the selected auctions; and

a winnings code segment that determines winnings in each of the selected auctions for each controlled entity, based upon the received single bids and bids from other sellers.