Auction variation
First Claim
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1. A method of marketing items comprising:
- publicizing an on-line auction to sell at least one item;
preselecting a low sum;
preselecting a number;
receiving, at a data processing system, the preselected low sum and the preselected number;
receiving, at the data processing system, a number of price bids for the at least one item, the number of price bids being equal to or greater than said preselected number;
applying, at the data processing system, at least one cancellation rule to selectively cancel zero or more received price bids;
selecting, at the data processing system, one or more remaining price bids closest to said preselected low sum to receive the at least one item; and
outputting, from the data processing system, said one or more price bids closest to said preselected low sum, the number of price bids selected and outputted equaling the number of items publicized to sell;
wherein said preselected low sum is less than 1% of a list price of said item.
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Abstract
A method of marketing items comprising: publicizing an auction to sell at least one item, accepting a preset number of price bids for the items, applying at least one cancellation rule to selectively cancel zero or more bids, selecting one or more bids closest to a preselected low sum to receive the item, wherein the low sum is less than 1% of a list price of the item.
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Citations
11 Claims
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1. A method of marketing items comprising:
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publicizing an on-line auction to sell at least one item; preselecting a low sum; preselecting a number; receiving, at a data processing system, the preselected low sum and the preselected number; receiving, at the data processing system, a number of price bids for the at least one item, the number of price bids being equal to or greater than said preselected number; applying, at the data processing system, at least one cancellation rule to selectively cancel zero or more received price bids; selecting, at the data processing system, one or more remaining price bids closest to said preselected low sum to receive the at least one item; and outputting, from the data processing system, said one or more price bids closest to said preselected low sum, the number of price bids selected and outputted equaling the number of items publicized to sell; wherein said preselected low sum is less than 1% of a list price of said item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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Specification