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System and method for receiving a bid

  • US 8,374,948 B2
  • Filed: 12/21/2007
  • Issued: 02/12/2013
  • Est. Priority Date: 03/29/1996
  • Status: Expired due to Fees
First Claim
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1. A method performed at an electronic auction system that is capable of receiving bid information via electronic mail and via a web-based bid form, the method comprising:

  • receiving first bid information via electronic mail and second bid information via the web-based bid form, wherein the first bid information and the second bid information each contain a bid price and a bid quantity;

    validating each of the first and second bid information;

    placing first and second bids in a bid database, the first and second bids being based, respectively on the first and second bid information;

    sorting the first and second bids in an order determined by an auction format used to auction a merchandise item, the auction format selected from a plurality of auction formats when the merchandise item is first listed for auction;

    processing the first and second bids in the sorted order;

    updating a web-based merchandise catalog page based on the processed first and second bids; and

    awarding one or more items from a plurality of items to both a first bidder associated with the first bid and a second bidder associated with the second bid, at different item prices based on the quantity specified in the bid information by each of the first and second bidders.

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