Auction optimization system
US8266009B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 22, 2003 |
| Grant date | Sep 11, 2012 |
| Priority date | — |
| Expiry date | Apr 1, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods, apparatuses and systems directed to an auction optimization system that assists users in determining one or more parameters associated with a planned auction. In one embodiment, the auction optimization system computes a predicted final auction price for a given item based on historical auction data associated with the same or similar items. In other embodiments, the auction optimization system is operative to compute suggestions for various auction parameters, such as starting price, start time, duration, and reserve price. In certain embodiments, the auction optimization system uses novel data gathering techniques that minimize the load on on-line auction facilities and gather data in a manner consistent with the use policies associated with on-line auction facilities.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.