Auction method and server

• US 8,799,105 B2
• Filed: 05/23/2013
• Issued: 08/05/2014
• Est. Priority Date: 03/17/2011
• Status: Active Grant

• Current Assignee: Jeong Gab Lee
• Original Assignee: Jeong Gab Lee
• Inventors: Lee, Jeong Gab
• Primary Examiner(s): HAQ, NAEEM U
• Application Number:
  US13/900,530
• Publication Number:
  US 20130254058A1
• Time in Patent Office: 439 Days
• Field of Search: 705/26.1, 705/26.2, 705/26.25, 705/26.3, 705/26.35, 705/26.4, 705 2641- 2644, 705/26.5, 705 2661- 2664, 705/26.7, 705/26.8, 705/26.81, 705/26.82, 705/26.9, 705/27.1, 705/27.2
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

Provided are an auction method and server that enable a seller and bidders to determine the price of a product at their own discretion by enabling the bidders to participate in a bid between the lowest price offered by the seller and the highest price of the product, and give benefit to both the seller and successful bidders by applying the successful bid price of a lowest successful bidder to all the successful bidders as a sale price. The auction method includes maintaining, at an auction server, a database of the highest price of a specific product, the lowest price offered by a seller, and the limited number of successful bidders, receiving, at the auction server, bidding information including bid prices for the specific product between the lowest price and the highest price from bidders, selecting, at the auction server, a lowest successful bidder from among the bidders in consideration of the limited number of successful bidders and the bidding information when a predetermined bidding time elapses, and requesting, at the auction server, payment from all successful bidders using a successful bid price of the lowest successful bidder as a sale price on the basis of bidding information about the lowest successful bidder.

Claims

1. An auction method comprising:

maintaining, by a processor, a database of upper and lower limits of a bidding price range and a limited number of available products;

accepting, by the processor, bidding information including bidding prices for each product from bidders, the accepted bidding prices being within the bidding price range;

terminating, by the processor, bidding when a predetermined bidding time is elapsed;

selecting, by the processor, a group of winning bidders such that the winning bidders are selected from the bidders in descending order of the bidding prices and a total number of products bid by the winning bidders is equal to the limited number of available products;

applying, by the processor, a lowest bidding price among bidding prices of the selected winning bidders as a final sale price to all of the winning bidders;

requesting, by the processor, payment from the winning bidders as the final sale price; and

determining, by the processor, a surplus margin calculated by subtracting the lower limit of the bidding price range from the final sale price, wherein requesting the payment comprises, if at least one of the winning bidders previously paid a corresponding bidding price, determining, by the processor, a refund amount calculated by subtracting the final sale price from the previously paid bidding price.

2. The auction method of claim 1, further comprising:

providing, by the processor, a predetermined benefit to one or more winning bidders with the lowest bidding price.

3. An auction server comprising:

a storage configured to maintain a database of upper and lower limits of a bidding price range and a limited number of available products;

a receiver configured to accept bidding information including bidding prices for each product from bidders, the accepted bidding prices being within the bidding price range;

a selector configured to select a group of winning bidders after termination of bidding such that the winning bidders are selected from the bidders in descending order of the bidding prices and a total number of products bid by the winning bidders is equal to the limited number of available products, wherein bidding is terminated when a predetermined bidding time is elapsed;

a payment processor configured to apply a lowest bidding price among bidding prices of the winning bidders as a final sale price to all of the winning bidders and to request payment from the winning bidders as the final sale price;

a controller configured to control the storage, the receiver, the selector, and the payment processor; and

a settlement unit configured to determine a surplus margin calculated by subtracting the lower limit of the bidding price range from the final sale price, wherein if at least one of the winning bidders previously paid a corresponding bidding price, the payment processor determines a refund amount calculated by subtracting the final sale price from the previously paid bidding price.

4. The auction server of claim 3, wherein the controller provides a predetermined benefit to one or more winning bidders with the lowest bidding price.