Bidder-side auction dynamic pricing agent, system, method and computer program product
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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Jun 19, 2012
Grant Date -
Dec 11, 2008
app pub date -
Aug 4, 2008
filing date -
Sep 27, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system, method, and computer program product for automating a bidder-centric bidder online auction interaction. The method can include receiving a bidder and an online auction service at a bidding automation service; receiving an auction in a bid portfolio; receiving a bid parameter; setting a bid time before time before time auction close (TAC) and receiving a minimum absolute time logged for prior auctions; and activating a bid proxy to transmit bid information to online auction. Auction monitoring of temporal progression of product auctions, and notification of changes in status that could prevent an initial bid from being placed by a bid proxy, can be provided. Bid proxies can be activated as an auction nears completion to begin placing bids until the auction is won or lost, or if out-bid, can execute a higher bid.
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