Auction system for remote bidding and method
First Claim
1. A system for conducting interactive auctions with remote bidders, the system comprising:
- an auction system operable to maintain information related to a subject of an auction, the auction system establishing a price at which the subject of the auction is offered; and
a remote bidder system operable to communicate a bid including bid information to the auction system, the bid accepting the offer for the subject of the auction at the price established by the auction system, the auction system using at least a portion of the bid information and a delay component to determine whether to accept the bid,wherein the auction system uses at least a portion of the bid information to determine whether to accept the bid based on whether the price for the subject of the auction has changed, the auction system further determining whether to accept the bid using the delay component which includes a delay time after the price for the subject of the auction is changed before the auction system will accept bids.
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Accused Products
Abstract
A system for conducting interactive auctions with remote bidders is provided. The system includes an auction system operable to maintain information related to a subject of an auction and a remote bidder system in communication with the auction system. The remote bidder system is operable to communicate a bid including bid information to the auction system based on a price for the subject of the auction. The auction system uses at least a portion of the bid information to accept the bid where the price for the subject of the auction is the same when the bid is processed by the auction system and to reject the bid where the price for the subject of the auction has changed when the bid is processed by the auction system.
54 Citations
19 Claims
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1. A system for conducting interactive auctions with remote bidders, the system comprising:
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an auction system operable to maintain information related to a subject of an auction, the auction system establishing a price at which the subject of the auction is offered; and a remote bidder system operable to communicate a bid including bid information to the auction system, the bid accepting the offer for the subject of the auction at the price established by the auction system, the auction system using at least a portion of the bid information and a delay component to determine whether to accept the bid, wherein the auction system uses at least a portion of the bid information to determine whether to accept the bid based on whether the price for the subject of the auction has changed, the auction system further determining whether to accept the bid using the delay component which includes a delay time after the price for the subject of the auction is changed before the auction system will accept bids. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system for conducting interactive auctions with remote bidders, the system comprising:
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an auction system operable to maintain information related to a subject of an auction, the auction system establishing a price at which the subject of the auction is offered; a remote bidder system operable to communicate a bid including bid information to the auction system, the bid accepting the offer for the subject of the auction at the price established by the auction system, the auction system using at least a portion of the bid information and a delay component to determine whether to accept the bid, wherein the delay component is further defined as provided on the remote bidder system and operable to provide a user a comprehension time of an updated price for the subject of the auction before allowing the user to bid at the updated price; and a second delay component having a delay time after the price for the subject of the auction is changed before the auction system will accept bids. - View Dependent Claims (14)
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15. A method for remote auction bidding, comprising:
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updating an auction system with an auction system current price established by the auction system for a subject of an auction; updating a delay component based on the updating of the auction system current price, the auction system using the delay component to reject bids received before expiration of a time portion of the delay component; communicating the auction system current price to a remote bidder system; updating a remote bidder system current price with the auction system current price communicated to the remote bidder system; transmitting a message related to the subject of the auction from the remote bidder system to the auction system, the message including a bid offer based on the remote bidder system current price, the bid offer accepting the auction system current price foe the subject of the auction; accepting, by the auction system, the bid offer where a then current price maintained by the auction system for the subject of the auction is the same as the remote bidder system current price and where the time portion of the delay component has expired; rejecting, by the auction system, the bid offer where a then current price maintained by the auction system for the subject of the auction is the same as the remote bidder system current price and where the time portion of the delay component has not expired; and rejecting, by the auction system, the bid offer where the then current price maintained by the auction system for the subject of the action is different from the remote bidder system current price.
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16. A method for remote auction bidding, comprising:
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updating an auction system with an auction system current price established by the auction system for a subject of an auction; communicating the auction system current price to a remote bidder system; displaying the auction system current price on the remote bidder system; identifying a bid by a user using the remote bidder system placed before an expiration of a comprehension time following the auction system current price displaying on the remote bidder system; and preventing the user from bidding at a previous price for the subject of the auction. - View Dependent Claims (17, 18, 19)
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Specification