Online auction and method
US8521610B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 10, 2010 |
| Grant date | Aug 27, 2013 |
| Priority date | — |
| Expiry date | Jun 15, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0222
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An online auction and method of conducting an online auction accessible over a communications network includes the step of providing a computer programmed to host the auction, the computer being accessible to a user through the communications network and adapted to provide a user interface to allow the user to bid on or sell an item on the auction. The method also including the steps of providing instructions to the computer through the user interface, the instructions providing parameters for the auction being conducted; and displaying the item for sale on the user interface with an initial sale price and prompting a bidder to bid on the item. The method further including the steps of allowing the bidder to bid on the item through the communications network, wherein in response to a bid by the bidder, the computer reduces the initial sale price by the bid value and displays a new sale price on the user interface; and using the computer to determine a winning bidder and shipping the item to the winning bidder.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.