Method and system for updating information on a merchandise catalog page
First Claim
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1. A method to facilitate an electronic auction, the method comprising:
- querying one or more electronic databases using at least one processor and determining, using the at least one processor, that a bid has been placed in the one or more electronic databases, the bid submitted via a web based form accessible via a merchandise catalog page for an item to be sold in the electronic auction, wherein the merchandise catalog page further provides a buy feature allowing a potential customer to close the electronic auction immediately by purchasing the item at a specified price;
automatically reducing the specified price for the buy feature periodically, the automatically reducing being based on a combination of bidding activity over time in the electronic auction, amount of bids received in the electronic auction, and number of items bid for in the electronic auction;
when an order is received from a customer via the buy feature, immediately closing the electronic auction;
determining using at least one processor, a current time associated with an electronic auction system;
accessing, using the at least one processor, the one or more electronic databases to obtain a time value that specifies a fixed duration of time for the electronic auction of the item being sold;
determining, using the at least one processor, that the auction for the item is closed, based on a comparison of the current time and the time value or based on a potential customer utilizing the buy feature; and
based on the determining that the auction for the item is closed,retrieving, using the at least one processor, a bid amount of the bid and a further bid amount from the one or more databases,determining, using the at least one processor, a winning bidder by comparing the bid amount and the further bid amount, andautomatically updating, using the at least one processor, a merchandise catalog page for the item, the updated merchandise catalog page to be presented to a potential customer to reflect that the electronic auction for the item has closed, bid information relating to the bid for the item, and the winning high bidder for the item.
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Abstract
A method and system for updating information to a merchandise catalog page includes automatically regenerating a merchandise catalog page to include updated bid information if new bids have been placed relating to an item. According to another aspect of the invention, a merchandise catalog page for an item is automatically updated to reflect that an auction has closed, upon detecting that the auction for the item is closed.
142 Citations
9 Claims
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1. A method to facilitate an electronic auction, the method comprising:
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querying one or more electronic databases using at least one processor and determining, using the at least one processor, that a bid has been placed in the one or more electronic databases, the bid submitted via a web based form accessible via a merchandise catalog page for an item to be sold in the electronic auction, wherein the merchandise catalog page further provides a buy feature allowing a potential customer to close the electronic auction immediately by purchasing the item at a specified price; automatically reducing the specified price for the buy feature periodically, the automatically reducing being based on a combination of bidding activity over time in the electronic auction, amount of bids received in the electronic auction, and number of items bid for in the electronic auction; when an order is received from a customer via the buy feature, immediately closing the electronic auction; determining using at least one processor, a current time associated with an electronic auction system; accessing, using the at least one processor, the one or more electronic databases to obtain a time value that specifies a fixed duration of time for the electronic auction of the item being sold; determining, using the at least one processor, that the auction for the item is closed, based on a comparison of the current time and the time value or based on a potential customer utilizing the buy feature; and based on the determining that the auction for the item is closed, retrieving, using the at least one processor, a bid amount of the bid and a further bid amount from the one or more databases, determining, using the at least one processor, a winning bidder by comparing the bid amount and the further bid amount, and automatically updating, using the at least one processor, a merchandise catalog page for the item, the updated merchandise catalog page to be presented to a potential customer to reflect that the electronic auction for the item has closed, bid information relating to the bid for the item, and the winning high bidder for the item. - View Dependent Claims (2, 3)
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4. A system to facilitate an electronic auction, the system comprising:
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one or more electronic databases; a manager module executable by the processor and configured to; query the one or more electronic databases and determine, using the at least one processor, that a bid has been placed in the one or more electronic databases, the bid submitted via a web based form accessible via a merchandise catalog page for an item to be sold in the electronic auction, wherein the merchandise catalog page further provides a buy feature allowing a potential customer to close the electronic auction immediately by purchasing the item at a specified price; automatically reduce the specified price for the buy feature periodically, the automatically reducing being based on a combination of bidding activity over time in the electronic auction, amount of bids received in the electronic auction, and number of items bid for in the electronic auction; when an order is received from a customer via the buy feature, immediately close the electronic auction; determine using at least one processor, a current time associated with an electronic auction system; access, using the at least one processor, the one or more electronic databases to obtain a time value that specifies a fixed duration of time for the electronic auction of the item being sold; determine, using the at least one processor, that the auction for the item is closed, based on a comparison of the current time and the time value or based on a potential customer utilizing the buy feature; and based on the determining that the auction for the item is closed, retrieve, using the at least one processor, a bid amount of the bid and a further bid amount from the one or more databases, determine, using the at least one processor, a winning bidder by comparing the bid amount and the further bid amount, and automatically update, using the at least one processor, a merchandise catalog page for the item, the updated merchandise catalog page to be presented to a potential customer to reflect that the electronic auction for the item has closed, bid information relating to the bid for the item, and the winning high bidder for the item. - View Dependent Claims (5, 6)
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7. A non-transitory machine readable medium having executable instructions to cause one or more machines to perform a method to facilitate an electronic auction, the method comprising:
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querying one or more electronic databases using at least one processor and determining, using the at least one processor, that a bid has been placed in the one or more electronic databases, the bid submitted via a web based form accessible via a merchandise catalog page for an item to be sold in the electronic auction, wherein the merchandise catalog page further provides a buy feature allowing a potential customer to close the electronic auction immediately by purchasing the item at a specified price; automatically reducing the specified price for the buy feature periodically, the automatically reducing being based on a combination of bidding activity over time, amount of bids received, and number of items bid for in the electronic auction; when an order is received from a customer via the buy feature, immediately closing the electronic auction; determining using at least one processor, a current time associated with an electronic auction system; accessing, using the at least one processor, the one or more electronic databases to obtain a time value that specifies a fixed duration of time for the electronic auction of the item being sold; determining, using the at least one processor, that the auction for the item is closed, based on a comparison of the current time and the time value or based on a potential customer utilizing the buy feature; and based on the determining that the auction for the item is closed, retrieving, using the at least one processor, a bid amount of the bid and a further bid amount from the one or more databases, determining, using the at least one processor, a winning bidder by comparing the bid amount and the further bid amount, and automatically updating, using the at least one processor, a merchandise catalog page for the item, the updated merchandise catalog page to be presented to a potential customer to reflect that the electronic auction for the item has closed, bid information relating to the bid for the item, and the winning high bidder for the item. - View Dependent Claims (8, 9)
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Specification