System and method for a two phase online auction

Details System and method for a two phase online auction System and method for a two phase online auction

2011-05-17

2011-05-17

Airapetian, Mila (Department: 3625)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Electronic shopping

Reexamination Certificate

active

07945481

ABSTRACT:
A commerce system and methods thereof, comprising a remote server accessible via a network by client computers utilizing client software such as browsers for interfacing with the remote server. A server receives item information from a seller for listing of an item in an auction process associated with an end time, receives a first group of one or more proxy bids for the item during a first time period, receives a second group of one or more actual bids for the item during a second time period prior to the end time and determines at the end time a highest actual bid as a winning bid.

REFERENCES:
patent: 2007/0055606 (2007-03-01), Ausubel et al.

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