Integrated auction
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United States of America Patent
Stats
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Jan 9, 2007
Issued Date -
N/A
app pub date -
Dec 8, 1999
filing date -
Dec 8, 1998
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method and apparatus are provided for conducting an integrated auction that incorporates various features of traditional and online auctions. According to one aspect of the present invention, the integrated auction includes a live, in-person auction component and an online bidding environment component. Bidding information associated with an item in the online bidding environment is updated to reflect a current bid associated with the item in the live, in-person auction. During the live, in-person auction, a bid is accepted from an online bidder in the online environment that reflects a maximum price the online bidder is willing to pay for the item. Subsequently, the system bids on behalf of the online bidder against one or more live bidders that are participating in the live, in-person auction based upon the maximum price.
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Family
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Cited Art Landscape
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