Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Reexamination Certificate
2007-08-28
2009-08-25
Smith, Jeffrey A (Department: 3625)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
Reexamination Certificate
active
07580870
ABSTRACT:
Techniques for generating revenues from a bidding process that announces a winning bid that is lowest but unique among all bidders are disclosed. Opposite from a traditional auction in which the highest bid always wins, the present invention dictates a lowest and unique bid wins. A seller generates revenue by selling an item to the highest bidder in a traditional auction while a seller generates revenue from a bidding process of selling an item to the lowest and unique bidder in the present invention. In other words, the final sale price of an item in the present invention is no longer a significant portion of the revenue, the majority of the revenue comes from the process of bidding for the item by all participating bidders.
REFERENCES:
patent: 2007/0174171 (2007-07-01), Sheffield
patent: 2007/0174180 (2007-07-01), Shin
patent: 2008/0077500 (2008-03-01), Linner et al.
The online/mobile auction site provided by Limbo at the website www.41414.com on Jan. 6, 2006 a copy of which has been included in this Office Action.
Smith Jeffrey A
Stopp Courtney
Zheng Joe
LandOfFree
Method and system for providing auctions to win with a... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and system for providing auctions to win with a..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for providing auctions to win with a... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4113864