Real Time Bidding Systems and Methods

• US 20070016512A1
• Filed: 07/12/2006
• Published: 01/18/2007
• Est. Priority Date: 07/13/2005
• Status: Abandoned Application

• Current Assignee: OPENLANE, Inc.
• Original Assignee: OPENLANE, Inc.
• Inventors: Kelly, Peter, Hallowell, Zachary, Hammond, Clarence
• Application Number:
  US11/457,068
• Publication Number:
  US 20070016512A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Methods and systems for managing a network-based auction for vehicles. Information regarding a set of vehicles to be auctioned in an auction event is received from a seller through an electronic interface. A list of the vehicles to be auctioned is displayed on an interface for the seller. The seller is provided an option to determine an order in which the vehicles are to be made available to buyers for bidding on an interface on which the list is displayed. Input is received from the seller regarding the order, and the vehicles are made available to buyers for bidding in the order determined by the seller. Other methods and systems for managing a network-based auctions for vehicles are also described.

Claims

1. A method of managing an internet-based auction system for vehicles, the method comprising:

receiving from a seller through an electronic interface information regarding a set of vehicles to be auctioned in an auction event;

displaying a list of the vehicles to be auctioned on an interface for the seller;

on the interface on which the list is displayed, providing the seller an option to determine an order in which the vehicles are to be made available to buyers for bidding;

receiving input from the seller regarding the order; and

making the vehicles available to buyers for bidding in the order determined by the seller.

2. The method of claim 1, including making each vehicle available for bidding for a first limited time, and making the respective vehicle available for bidding for additional time only if a bid is received.

3. The method of claim 2, wherein the additional time is equal to the first limited time.

4. The method of claim 2, wherein the first limited time comprises 30 seconds.

5. The method of claim 1, including presenting an input next to each item in the list of vehicles presented to the seller, in which input the seller is prompted to select the order in which the respective vehicle is to be made available for bidding.

6. The method of claim 1, including in advance of making the vehicles available for bidding, presenting to the buyer a list of the vehicles showing the order in which the vehicles will be available for bidding.

7. A computer network-based auction system for vehicles, the system comprising:

logic that receives over a network from a seller information regarding a set of vehicles to be auctioned in an auction event;

logic that provides a list of the vehicles to be auctioned for display on an interface for the seller;

logic that provides the seller, on the interface on which the list is displayed, an option to determine an order in which the vehicles are to be made available to buyers for bidding;

logic that receives input from the seller regarding the order; and

logic that makes the vehicles available to buyers for bidding in the order determined by the seller.

8. The system of claim 7, including logic that makes each vehicle available for bidding for a first limited time, and makes the respective vehicle available for bidding for additional time only if a bid is received.

9. The system of claim 8, wherein the additional time is equal to the first limited time.

10. The system of claim 8, wherein the first limited time comprises 30 seconds.

11. The system of claim 7, including logic that presents an input next to each item in the list of vehicles presented to the seller, in which input the seller is prompted to select the order in which the respective vehicle is to be made available for bidding.

12. The system of claim 7, including logic that in advance of making the vehicles available for bidding, presents to the buyer a list of the vehicles showing the order in which the vehicles will be available for bidding.

13. A computer network-based auction system for vehicles, the system comprising:

a seller system, the seller system including,

logic that receives information from a seller regarding a set of vehicles to be auctioned in an auction event;

a graphical display listing the vehicles to be auctioned;

on the display listing the vehicles, an input through which a seller may determine an order in which the vehicles are to be made available to buyers for bidding;

a database for vehicle inventory; and

an auction server coupled to the database and the seller system, the auction server including

logic that receives input from the seller regarding vehicles to be auctioned and to store information regarding the vehicles in the database;

logic that receives input from the seller regarding the order in which the vehicles are to be made available to buyers for bidding; and

logic that makes the vehicles available to buyers for bidding in the order determined by the seller.

14. The system of claim 13, including logic in the auction server that makes each vehicle available for bidding for a first limited time, and makes the respective vehicle available for bidding for additional time only if a bid is received.

15. The system of claim 14, wherein the additional time is equal to the first limited time.

16. The system of claim 14, wherein the first limited time comprises 30 seconds.

17. The system of claim 13, the seller system including logic that presents an input next to each item in the list of vehicles presented to the seller, in which input the seller is prompted to select the order in which the respective vehicle is to be made available for bidding.

18. The system of claim 13, the seller system including logic that in advance of making the vehicles available for bidding, presents to the buyer a list of the vehicles showing the order in which the vehicles will be available for bidding.

19. The system of claim 13, the database including a data structure for the seller including a list of items in the seller'"'"'s inventory.

20. The system of claim 13, the database including a catalog for the auction.

21. A method of managing a network-based auction system, the method comprising:

receiving from a seller through an electronic interface information regarding a set of items to be auctioned in an auction event;

displaying a list of the items to be auctioned on an interface for the seller;

on the interface on which the list is displayed, providing the seller an option to determine an order in which the items are to be made available to buyers for bidding;

receiving input from the seller regarding the order; and

making the items available to buyers for bidding in the order determined by the seller.

22. The method of claim 21, including presenting an input next to each item in the list of items presented to the seller, in which input the seller is prompted to select the order in which the respective item is to be made available for bidding.

23. The method of claim 21, including in advance of making the items available for bidding, presenting to the buyer a list of the items showing the order in which the items will be available for bidding.

24. The method of claim 21, including providing at least a buyer an option to provide a bid below a reserve price if bidding does not reach the reserve price.