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Bidder-side auction dynamic pricing agent, system, method and computer program product

DC
  • US 8,204,819 B2
  • Filed: 08/04/2008
  • Issued: 06/19/2012
  • Est. Priority Date: 09/27/2000
  • Status: Expired due to Fees
First Claim
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1. A method of automating an interaction between a bidder and an electronic online auction hosting service comprising:

  • receiving, by at least one computer processor, at least an identification of a bidder at an online bidder-centric bidding automation service, and at least an identification of an online auction service, wherein the online bidder-centric bidding automation service is separate from the online auction service;

    receiving, by the at least one computer processor, an identification of an auction, and receiving the identification of the auction in a bid portfolio of at least one bid of the bidder;

    receiving, by the at least one computer processor, at least one bid parameter for the auction;

    setting, by the at least one computer processor, a bid time that is before a time of auction close (TAC) of the auction and receiving at least a minimum absolute time that has been logged for prior successful auctions; and

    activating, by the at least one computer processor, at least one bid proxy of the bidding automation service to transmit at the bid time to the online auction hosting service, bid information based on the at least one bid parameter.

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