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Method and system for controlling closing times of electronic auctions involving multiple lots

DC CAFC
  • US 6,230,146 B1
  • Filed: 02/19/1999
  • Issued: 05/08/2001
  • Est. Priority Date: 09/18/1998
  • Status: Expired due to Term
First Claim
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1. A method of controlling closing times in an electronic auction, comprising:

  • (a) setting a first closing time for a first lot and a second closing time for a second lot;

    (b) determining whether an overtime trigger condition occurs prior to said first closing time, and if so, adding a first overtime interval to said first closing time;

    (c) calculating a first time interval between said extended first closing time and said second closing time;

    (d) determining whether said first time interval is less than a second time interval; and

    (e) extending said second closing time in accordance with step (d).

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