Method and kit for conducting an auction

Details Method and kit for conducting an auction Method and kit for conducting an auction

1997-03-27

1998-09-08

Fridie, Jr., Willmon

Printed matter

Method

283 601, 283 661, B42D 1500

Patent

active

058035001

ABSTRACT:
A method and kit for conducting a silent or live auction or some combination thereof. The method includes identifying each potential bidder, auction item, and potential sales prices with a unique identification code that is machine readable using optical or electronic means. The codes are most preferably bar codes that may be read using a standard retail industry scanner. The codes are printed on adhesive labels for use by the bidders in placing bids on auction items. A bid may be placed on an item by affixing the appropriate labels to a bid sheet. Bid sheets may be prepared with item codes and descriptions.

REFERENCES:
patent: 4549658 (1985-10-01), Sfikas
patent: 4803795 (1989-02-01), Questel et al.
patent: 4832372 (1989-05-01), Young
patent: 5199743 (1993-04-01), Rosinski, III
patent: 5393157 (1995-02-01), Basmajian

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