Method, system and computer program product for facilitating an auction behavior and automatic bidding in an auction

• US 7,801,802 B2
• Filed: 06/13/2006
• Issued: 09/21/2010
• Est. Priority Date: 09/02/1999
• Status: Expired due to Fees

• Current Assignee: Inventor Holdings LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Original Assignee: Walker Digital LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: Walker, Jay S., Tedesco, Daniel E., Van Luchene, Kathleen, Jorasch, James A., Ware, Adam
• Primary Examiner(s): Colbert, Ella
• Application Number:
  US11/423,827
• Publication Number:
  US 20060224497A1
• Time in Patent Office: 1,561 Days
• Field of Search: 705/37, 705/1, 705/26
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

One or more proxy bidders is associated with a rule which determines a time to place a bid. The proxy bidder places a bid at the determined time, instead of immediately after the bidder'"'"'s prior bid is exceeded. Such rules may be selected for all proxy bidders to encourage a desired auction behavior. By controlling the placement of bids based on rules associated with the desired auction behavior, bids may be placed in a manner that seems natural and competitive to bidders in the auction when, in fact, they are placed in accordance with the selected rules. The desired auction behavior may be selected statically for an auction or dynamically during the auction. Historical auction data maybe analyzed to characterize the behavior of an auction, such as the average period of time between bids and the average increment between bids. Rules may be generated to correspond to a behavior so as to provide the same average time and increment between bids.

Claims

1. A method comprising:

storing a rule for automatically placing a bid by a bid generator for an item for a bidder in an auction, the rule associated with the bidder and having a condition specifying that the bid is to be placed by the bid generator according to an amount of time left in the auction;

determining that the rule is satisfied;

determining that the highest bid in the auction is not from the bidder; and

placing the bid.

2. The method of claim 1, wherein the rule further comprises a second condition defined by information about the auction.

3. The method of claim 2, wherein the information about the auction includes at least one of a number of bids subsequent to a previous bid by the bidder, or a period of time elapsed since the previous bid by the bidder.

4. The method of claim 2, wherein the information about the auction includes at least one of information about bidders participating in the auction, information about bidders registered for the auction, information about a status of the auction, or information about the item.

5. The method of claim 1, in which placing the bid further comprises increasing the speed of placing a next bid for the bidder following a bid from a different bidder.

6. A computer readable medium storing executable instructions configured to direct a processor to:

store a rule for automatically placing a bid by a bid generator for an item for a bidder in an auction, the rule associated with the bidder and having a condition specifying that the bid is to be placed according to an amount of time left in the auction;

determine that the rule is satisfied;

determine that the highest bid in the auction is not from the bidder; and

place the bid.

7. The computer readable medium of claim 6, in which the instructions for establishing the rule further comprises a second condition defined by information about the auction.

8. The computer readable medium of claim 7, in which the instructions comprising the second condition further comprises instructions configured to direct the processor to receive information concerning at least one of a number of bids subsequent to a previous bid by the bidder, or a period of time elapsed since the previous bid by the bidder.

9. The computer readable medium of claim 7, in which the instructions comprising the second condition further comprises instructions configured to direct the processor to receive information concerning at least one of information about bidders participating in the auction, information about bidders registered for the auction, information about a status of the auction, or information about the item.

10. The computer readable medium of claim 6, in which the instructions for placing the bid further comprises instructions configured to direct the processor to increase the speed of placing a next bid for the bidder following a bid from a different bidder.

11. A system, comprising:

a rule application engine having an output indicative of when to automatically place a bid in an auction according to a rule associated with a bidder and having a condition specifying that the bid is to be placed according to an amount of time left in the auction; and

a bid generator, having an input for receiving the rule associated with the bidder and having an output configured for providing, when the rule is satisfied, an indication of the bid according to the condition if a highest bid in the auction is not from the bidder.

12. The system of claim 11, wherein the rule further comprises a second condition defined by information about the auction.

13. The system of claim 12, wherein the information about the auction includes at least one of a number of bids subsequent to a previous bid by the bidder, or a period of time elapsed since the previous bid by the bidder.

14. The system of claim 12, wherein the information about the auction includes at least one of information about bidders participating in the auction, information about bidders registered for the auction, information about a status of the auction, or information about the item.

15. The system of claim 11, the output of the bid generator being further configured for increasing the speed of placing a next bid for the bidder following a bid from a different bidder.