Systems and methods for conducting an auction

Details Systems and methods for conducting an auction Systems and methods for conducting an auction

2011-03-08

2011-03-08

Garg, Yogesh C (Department: 3625)

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

Automated electrical financial or business practice or...

Electronic shopping

C705S027100, C705S037000

Reexamination Certificate

active

07904347

ABSTRACT:
A method includes receiving, prior to a first time, a first signal indicating that a first user is initiating an auction for an item. A second signal indicating that a second user has purchased a first set of bids costing a first amount and a third signal indicating that a third user has purchased a second set of bids costing a second amount are received prior to the first time. Multiple signals indicating that the second user has used the first set of bids and that the third user has used the second set of bids in the auction for the item are received after the first time but before a second time. The item is awarded to the second user at the second time. The first user is provided with a portion of the first amount and a portion of the second amount after the second time.

REFERENCES:
patent: 7152042 (2006-12-01), Arkes
patent: 2004/0193529 (2004-09-01), Asher et al.
“Flashbid Opens Online Auction—Changing Everything You Knew About Online Shopping,” PR Newswire, New York: May 10, 2005, p. 1 [retrieved on Apr. 7, 2010].
“Want to buy a brand new plasma TV for Pounds 1.55? Then enter the weirdword of reverse auctions,” Sunday Times, London (UK): Jul. 4, 2004, p. 14 [retrieved on Apr. 7, 2010].
“Strategic Insights: Auction Games,” by Shannon Appelcline, http://www.skotos.net/articles/TTnT—/TTnT—144.phtml, posted Mar. 18, 2004 [retrieved on Apr. 8, 2010].
“Entertainment Shopping Portal Swoopo Launches US-Site; Successful German Internet Idea Comes to America,” PR Newswire, New York: Sep. 16, 2008. [retrieved on Jul. 15, 2010].
TeleBid.de FAQ, dated Dec. 31, 2005 by web.archive.org, originally retrieved from the Internet on Aug. 3, 2010, http://web.archive.org/web/20051231001756/http://www.telebid.de/index.php?fs=show&show=faq.

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