Method, apparatus and system for advancing a bidder to a...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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C705S026640, C705S027200, C705S038000, C705S080000

Reexamination Certificate

active

07870054

ABSTRACT:
The present invention provides a method for advancing a first bidder to a selected rank in an electronic auction. This method includes calculating, in response to actuation of a bid rank advancement function, a new bid for the first bidder, and displaying the new bid to the first bidder. The new bid is calculated by applying a predetermined minimum differential value to a current bid of a second bidder that holds the rank selected by the first bidder. In one embodiment, the rank selected by the first bidder is a rank other than first. The present invention also provides a system and apparatus for advancing a first bidder to a selected rank in an electronic auction.

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