Auction system for remote bidding and method
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United States of America Patent
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Sep 23, 2008
Grant Date -
Jun 9, 2005
app pub date -
Apr 23, 2004
filing date -
Dec 8, 2003
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system for conducting interactive auctions with remote bidders is provided. The system includes an auction system operable to maintain information related to a subject of an auction and a remote bidder system in communication with the auction system. The remote bidder system is operable to communicate a bid including bid information to the auction system based on a price for the subject of the auction. The auction system uses at least a portion of the bid information to accept the bid where the price for the subject of the auction is the same when the bid is processed by the auction system and to reject the bid where the price for the subject of the auction has changed when the bid is processed by the auction system.
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