Method and system to enable a fixed price purchase within a multi-unit online auction environment
First Claim
1. A computer-implemented method comprising:
- using a computer processor for presenting to a buyer in a multi-unit auction a fixed-price purchase process for purchase of one or more units in an offering; and
using the computer processor for permitting said buyer to purchase one or more of said units at said fixed-price when said buyer has an outstanding bid on one or more of said units;
wherein the number of units in said outstanding bid is reduced by the number of units said buyer has purchased at said fixed price.
1 Assignment
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Accused Products
Abstract
A method of allowing a seller in a multi-unit auction facility to offer buyers the option of buying an offering at a pre-auction seller determined price or using a regular auction process. In one embodiment, the option to buy at the pre-auction seller determined price remains throughout the auction as long as there are units of an item remaining that have not yet been bid on. In another embodiment, the duration of an option of purchasing an item at a pre-auction seller determined prices depends on a configurable threshold, the current auction price in relation to the threshold, and whether the unit has been bid on. In another embodiment, a participant in an auction is allowed to re-bid, but is not allowed to reduce the price in that re-bid, or the quantity in that re-bid, unless that participant is currently not winning any units. In yet another embodiment, purchases during an auction at the pre-auction determined price reduces the quantity of that bidder'"'"'s previous bid (if there is one), and reduces the quantity available for bid for any later bidders (but does not reduce the quantity of any other bidders who bid before the fixed-price purchase).
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Citations
15 Claims
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1. A computer-implemented method comprising:
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using a computer processor for presenting to a buyer in a multi-unit auction a fixed-price purchase process for purchase of one or more units in an offering; and using the computer processor for permitting said buyer to purchase one or more of said units at said fixed-price when said buyer has an outstanding bid on one or more of said units; wherein the number of units in said outstanding bid is reduced by the number of units said buyer has purchased at said fixed price. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-implemented method comprising:
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using a computer processor for presenting to a buyer in a multi-unit auction a fixed-price purchase process for purchase of one or more units of an offering; using the processor for selecting a threshold, the threshold other than the fixed price; and using the processor for maintaining said one or more units available for fixed-price purchase only if a current price after bid is less than said threshold and a number of units currently bid on is less than the total number of said one or more units. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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Specification