Method, system, and medium for winning bid evaluation in an auction
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United States of America Patent
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Jan 10, 2012
Grant Date -
May 3, 2007
app pub date -
Oct 31, 2006
filing date -
Oct 31, 2005
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
An internal auction system may allow a seller to enter a scheduled auction. The scheduled auction may be a simple scheduled auction and a conditional scheduled auction. The internal auction system may receive parameters for the scheduled auction, determine a scheduled auction as a function of the received parameters, create the scheduled auction, and publish the scheduled auction at a specified start time on a seller e-commerce site visible to a buyer. A simple scheduled auction may be associated with a start time and a duration. A conditional scheduled auction may be associated with a condition and an action to be executed when the condition evaluates to a specified value.
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