OFFER AMALGAMATION SYSTEM

• US 20110173087A1
• Filed: 01/13/2011
• Published: 07/14/2011
• Est. Priority Date: 01/14/2010
• Status: Abandoned Application

• Current Assignee: Colin Philip Miles, Stephen Dennis Gipps
• Original Assignee: Colin Philip Miles, Stephen Dennis Gipps
• Inventors: MILES, Colin Philip, GIPPS, Stephen Dennis
• Application Number:
  US13/006,062
• Publication Number:
  US 20110173087A1
• Time in Patent Office: Days
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

An offer amalgamating system receives offers for an item or service advertised for sale in differing quantities at differing prices and aggregates a display of the offers to provide to all offerers an indication as to when a price/quantity sale point is being approached. In this way an offerer may form part of an aggregated offer and receive the item or service at a lower cost than otherwise.

Claims

1. A buying system simultaneously offering different multiples of an item or service for sale, the price of the item or service being defined in relation to the number of the same item or service sold, recording bids from multiple potential buyers of the items or services, aggregating the quantities of the item or service requested by the multiple buyers, determining the defined price applicable to the aggregated quantity, displaying such multiple buyer bids to potential buyers and accepting bids from buyers which bids are greater than or equal to the defined price applicable to a one of the offered different multiples of an item or service for sale.

2. A buying system, as claimed in claim 1 wherein the item or service is sold to the bidders at the defined price matching the applicable price for an offered multiple of an item or service where the bidders offer exceeds that price.

3. A buying system, as claimed in claim 1 wherein the system provides visual feedback to the buyers and potential buyers on the individual and aggregated bids as the bids are placed.

4. A buying system, as claimed in claim 1 wherein the bids of an individual buyer may be displayed differently to the individual buyer than those of other bidders.

5. A buying system, as claimed in claim 1 wherein price and quantity of an item or service are displayed on differing axes of a display which also shows the sellers price/quantity parameters and the aggregated bids of the bidders in relation to the seller'"'"'s parameters.

6. A buying process simultaneously offering different multiples of an item or service for sale, the price of the item or service being set in relation to the number of the same item or service sold, recording bids from multiple potential buyers of the items or services, aggregating the quantities of the item or service requested by the multiple potential buyers, determining the set price applicable to the aggregated quantity, indicating to the multiple potential buyers the current aggregate quantity and applicable set price and potential other aggregate quantities and their corresponding set prices, indicating a time until the offer closes and accepting changes in ordered quantities until the offer closes.

7. A buying process as claimed in claim 6 wherein aggregated offers equalling or exceeding the price applicable for a quantity will result in the purchase of that quantity when the offer closes.

8. An item or service offer system offering multiples of an item or service and providing;

multiple quantity/price correspondences set by the seller for an item or service,

at least one buyer offer to buy a specific quantity of the item or service at a specific price,

a graphic portrayer displaying the price/quantity correspondence set by the seller and the price/quantity currently offered by the buyer(s),

an updater updating the graphic portrayal as buyer offers or the seller quantity/price correspondences alter,

an aggregator aggregating the quantities offered by multiple buyers at or above specific prices,

an offer acceptor activated when the quantity aggregated by the aggregator at or above a specific price equals or exceeds a seller set quantity/price correspondence.

9. An item or service offer system as claimed in claim 8 wherein the offer acceptor is activated only when a quantity aggregated by the aggregator at a specific price equals or exceeds a seller set quantity/price correspondence and a specific time has elapsed.

10. An item or service offer system as claimed in claim 8 wherein the offer acceptor is activated to accept the lowest price offer still equalling or exceeding a quantity/price correspondence set by the seller at the offer acceptance time.