Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-03-29
1998-11-10
Poinvil, Frantzy
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 27, G06F 15300
Patent
active
058358960
ABSTRACT:
A system and method for conducting a multi-person, interactive auction, in a variety of formats, without using a human auctioneer to conduct the auction. The system is preferably implemented in software. The system allows a group of bidders to interactively place bids over a computer or communications network. Those bids are recorded by the system and the bidders are updated with the current auction status information. When appropriate, the system closes the auction from further bidding and notifies the winning bidders and losers as to the auction outcome.
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Fisher Alan S.
Kaplan Samuel Jerrold
Onsale, Inc.
Poinvil Frantzy
Tachner Adam H.
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