Method, apparatus and system for advancing a bidder to a selected rank
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United States of America Patent
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Jan 11, 2011
Issued Date -
N/A
app pub date -
Sep 28, 2001
filing date -
Nov 10, 2000
priority date (Note) -
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Abstract
The present invention provides a method for advancing a first bidder to a selected rank in an electronic auction. This method includes calculating, in response to actuation of a bid rank advancement function, a new bid for the first bidder, and displaying the new bid to the first bidder. The new bid is calculated by applying a predetermined minimum differential value to a current bid of a second bidder that holds the rank selected by the first bidder. In one embodiment, the rank selected by the first bidder is a rank other than first. The present invention also provides a system and apparatus for advancing a first bidder to a selected rank in an electronic auction.
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