EP0900424A1 - Method and system for processing and transmitting electronic auction information - Google Patents
Method and system for processing and transmitting electronic auction informationInfo
- Publication number
- EP0900424A1 EP0900424A1 EP97916124A EP97916124A EP0900424A1 EP 0900424 A1 EP0900424 A1 EP 0900424A1 EP 97916124 A EP97916124 A EP 97916124A EP 97916124 A EP97916124 A EP 97916124A EP 0900424 A1 EP0900424 A1 EP 0900424A1
- Authority
- EP
- European Patent Office
- Prior art keywords
- bid
- bids
- merchandise
- information
- auction
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Granted
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
- G06Q30/08—Auctions
Definitions
- the present invention relates generally to electronic commerce and more particularly to conducting an interactive auction over an electronic network.
- Auctions usually take the form of a physical gathering of bidders assembled together within an auction house. Auctions presenting more valuable, collectible merchandise, such as art, coins and antiques, are often preceded by preparation of a catalog of merchandise, circulated to interested parties in advance of the gathering at the auction house, where bidding by those physically present will take place. For auctions of more mundane items, such as household possessions, estate sales and the like, the interested bidders simply appear at the appointed time and place and bid on merchandise in which they are interested.
- representatives of the auction firm receive telephone or facsimile bids from their clients and alert the auctioneer of these new bids. Similarly, the representatives may relay information about the current bid items, such as the current high bid, back to the telephone bidders.
- Bidding by mail or facsimile suffers a significant disadvantage as compared to bidding in person or by telephone because the mailing or faxing bidder has no opportunity to increase a bid in quick response to competitive bids received from the floor or by telephone.
- telephone bidding allows the bidder to avoid travel expense and inconvenience
- traditional auctions may be scheduled at inconvenient times for many remote bidders.
- the lots in which the telephone bidder is interested may be scattered throughout the lengthy traditional auction. Time zone differences further diminish the appeal of telephone bidding for an intemational potential customer base.
- E-mail auctions held over the Internet using electronic mail (E- mail) have provided a minor innovation as compared to more traditional physical options.
- E-mail auctions an auction catalog is electronically mailed to people interested in bidding. Subsequently, bidders submit their bids on individual lots to an auctioneer via E-mail. The auctioneer reads the electronic mail bids and enters them in a database of bids. When the auction closes, the auctioneer notifies the winning bidders, usually via electronic mail, and ships the merchandise to the winning bidders.
- a recent innovation applied to E-mail auctions is the use of the Internet's World Wide Web (WWW) facility to post descriptions of the merchandise and show the current high bids.
- WWW World Wide Web
- This innovation provides the advantage of eliminating the need to electronically mail bidding updates to bidders. And since WWW traffic is much higher priority on the Internet, bidders suffer less of a time lag in seeing updated Web pages.
- a human auctioneer is still involved and is required to manually process the electronic mail bids, enter them into the bid database, and to update the World Wide Web pages with current high bid information.
- Sales firms other than auction houses have also used the Internet's World Wide Web facility to post descriptions of their merchandise and to offer the merchandise for sale at a set price. These systems are automated and are capable of accepting an order from a customer by having that customer fill out an online order form. This order information is taken by the system and placed into an order database or accounting system which then processes the order. However, such systems sell merchandise only at a fixed price and do not allow merchandise to be auctioned off, or to have their prices dynamically adjusted in an interactive manner in response to bids and other market conditions such as supply and demand.
- DOTS Direct Order
- U.S. patents relate to various forms of electronic commerce. These patents fall into three broad categories: 1 ) patents relating to on-line networks, 2) patents relating to electronic commerce over on-line networks, and 3) patents related to various forms of securities (e.g., stocks and futures) trading via electronic means. From the first of these groups, on-line networks, U.S. Patents Nos. 5,406,475 entitled Data Processing Network Having A Plurality Of Independent Subscribers, 5,235,680 entitled Apparatus And Method For Communicating Textual And Image Information Between A Host
- U.S. patent, No. 4,789,928, discloses a means for soliciting bids over an electronic network from bidders that are remote to the site of a live auction.
- This system records bids from remote bidders and simultaneously transmits the current high bid from the floor of the physical auction to the terminals of the remote bidders.
- this patent does not disclose or suggest the concept of an electronically conducted auction including a means for automatically closing the auction under certain conditions and without benefit of a live human auctioneer.
- this patent fails to disclose or suggest a means for auctioning a plurality of items simultaneously; rather, the disclosed system is strictly tied to the sequential proceedings of a physical auction.
- this system contemplates only a simple "highest bidder" auction where a single lot goes to an individual high bidder. This system cannot handle a lot available for auction which includes a plurality of items and where a plurality of winning bidders sufficient to match the plurality of auctioned items exists.
- patents relating to securities trading U.S. Patents Nos. 4,412,287 entitled Automated Stock Exchange, and 5,077,665 entitled Distributed Matching System, disclose means for prospective buyers to post offers to buy a given security at a specific price and for prospective sellers to post offers to sell a given security at a specific price.
- These automated systems maintain lists of buy and sell orders. If an offer to buy a security is placed at a price greater than or equal to an existing offer to sell that security at a given price, these systems will automatically consummate the trade by matching the buyer with the seller.
- the present invention overcomes the above-listed drawbacks of the background art by providing a method and system for conducting auctions and mark down sales of merchandise over a computer network without the aid of a human auctioneer.
- the system is open to bidders anywhere in the world, leading to increased bid activity. Complete and thorough descriptions of all offered merchandise may be placed on-line, since the costs associated with printing auction catalogs are minimized in an electronic medium.
- An auction within the inventive system may be conducted over a period of time, mitigating the problems of inconvenient scheduling and time zone differences.
- a variety of auction formats can be employed within the inventive system depending on the type of merchandise being sold.
- the method and system of the present invention can be conducted automatically without the need for a human auctioneer, thereby allowing for a large number of items to be continuously auctioned.
- the present invention provides, in a computer network enabling communication between a host computer and a plurality of remote bidders, a system and method for transmitting and processing auction information implemented as a computer program within the host and network, comprising posting means for posting information across the network, the information being descriptive of a lot available for purchase, bidding means available to the bidders for submitting a plurality of bids across the network in response to the information, receiving means for receiving a plurality of bids sent across the network by the plurality of bidders, and categorizing means for automatically categorizing the bids as successful or unsuccessful.
- the present invention provides, in a computer network enabling communication between a host computer and a plurality of remote bidders, a system and method for transmitting and processing auction information implemented as a computer program within the host and network, comprising posting means for posting information across the network, the information being descriptive of a lot available for purchase, bidding means available to the bidders for submitting a plurality of bids across the network in response to the information, receiving means for receiving a plurality of bids sent across the network by the plurality of bidders, and categorizing means for automatically categorizing the bids as successful or unsuccessful.
- the present invention further provides, in a computer network enabling communication between a host computer and a plurality of remote customers, an auction information transmission and processing system implemented as a computer program within the host and network, comprising, a merchandise database connected in communication with the host for storing merchandise information, the merchandise information being descriptive of a lot available for purchase by a customer, a bid database in communication with the host for storing bid information, the bid information being descriptive of a bid received from one of the remote customers, an auction manager implemented in the server and in communication with the databases, an electronic mail messenger in communication with the auction manager and the bid database, a bid validator, including means for receiving bids from the customers, connected to the auction manager and in communication with the bid database, wherein the auction manager induces a customer to bid across the network on a lot of merchandise by posting a descriptive merchandise catalog page containing data from the merchandise database, the customer views across the network the catalog page and sends a bid to the bid validator across the network, the bid validator determines whether the bid is valid, the bid database stores the bid, the
- the present invention provides, in a computer network enabling communication between a host computer and a plurality of remote bidders, a method of transmitting and processing auction information implemented as a computer program within the host and network, comprising posting information across the network, the information being descriptive of a lot available for purchase, submitting a plurality of bids across the network in response to the information, receiving the plurality of bids sent across the network by the plurality of bidders, and automatically categorizing the bids as successful or unsuccessful.
- a primary advantage of this system is that it results in greater prices for merchants as well as broader distribution of their products.
- the inventive system and method results in more bidders, greater demand, and hence higher prices for the seller.
- this electronic system reaches a geographically diverse audience, merchants' product lines become visible in areas where their products are not normally distributed or advertised, resulting in increased sales volume without increased marketing expense.
- the electronic auction system is automatic and does not require a human auctioneer, thereby allowing many individual items to be auctioned during the same time period and providing a decrease in costs associated with running an auction. Indeed, it would not be possible to operate an equivalent twenty-four hour per day, seven day per week auction with potentially hundreds or even thousands of individual items and millions of potential bidders without such an inventive electronic auction method and system.
- FIG. 1 illustrates a preferred computer environment for implementing the system and method of the present invention.
- FIG. 2 illustrates a merchandise catalog page offering an item for sale via electronic auction on the Internet's World Wide Web
- FIG. 3 depicts a bid form for bidding on an auction item
- FIG. 4 is a block diagram of components illustrating a preferred embodiment of the present invention.
- FIG. 5 is a flowchart illustrating the bid validator and its method of operation
- FIG. 6 is a flowchart illustrating the auction manager and its method of operation
- FIG. 7 is a flowchart illustrating the bid manager and its method of operation
- FIG. 8 is a flowchart illustrating the electronic mail messenger and its method of operation
- FIG. 9 is a flowchart illustrating the standard auction format and its method of operation.
- FIG. 10 is a flowchart illustrating the Dutch auction format and its method of operation
- FIG. 1 1 is a flowchart illustrating the progressive auction format and its method of operation
- FIG. 12 is a flowchart illustrating the buy or bid sale format and its method of operation
- FIG. 13 is a flowchart illustrating bid quantity determination and its method of operation
- FIG. 14 is a flowchart illustrating the markdown price adjustment feature of the present invention and its method of operation.
- the electronic auction system allows a group of bidders to interactively place bids over a computer or communications network, automatically records the bids, updates the bidders with the current auction status information, closes the auction from further bidding when appropriate, and notifies the winning bidder or bidders and loser or losers as to the auction outcome.
- the inventive system includes a database for maintaining descriptions of the merchandise for auction, the bids, and other relevant information in a commercially available database system.
- Database searches are preferably performed periodically to check for new items to be made visible to potential bidders. Such periodic searching allows an individual charged with maintaining this system to load relevant information into the database at his or her leisure.
- the system takes the merchandise information and creates a human readable catalog page for a viewing over a public network such as the Internet's World Wide Web. Bidders are then able to view the new item for auction and to place their bids.
- catalog pages preferably contain the current high bid, bid increment, quantity available, merchandise description, and picture of the item.
- the bidder may press a button on the catalog page or take some similar action which causes a bid form to be displayed on the screen.
- the bidder then enters the information necessary to place a bid, such as their name and address, bid amount, payment information, etc., and then presses a bid submission button, or takes a similar action which sends the bid to the system.
- the system receives the electronic bid information and places it in the bid database. Because this new bid will, in general, be a bid for a higher amount than was last bid by another party, the system will regenerate the item's catalog page. This updated catalog page will then show the new high bid to any prospective bidders who later access that catalog page.
- the system may send electronic mail notifications to bidders who have been outbid by the just-placed bid.
- These electronic mail notification messages preferably contain the relevant merchandise information, the current high bid, the bid increment, etc., and encourage the bidder to submit a new and higher bid to outbid the current high bidder.
- These electronic mail notification messages allow the bidder to enter a new bid by replying to the electronic mail message and sending it back to the system.
- the system Upon receiving a new or revised bid via electronic mail, the system follows the same set of actions as when the bidder places a bid using the electronic bid form when viewing a merchandise catalog page, namely, the system extracts the relevant bid information from the electronic mail message, deposits this information in the bid database, and then updates the merchandise catalog page as appropriate.
- Such an electronic mail message bid may further cause a new round of electronic mail notifications to go out to the recently outbid bidders.
- This process preferably continues until the system detects that the item is scheduled to be closed for further bidding or another closing trigger is detected. At this point, the system closes the auction by updating the merchandise catalog page with the final winning bid information and by sending electronic mail notifications to both the winning bidder or bidders and the losing bidder or bidders.
- the present invention provides an electronic auction method and system for presenting merchandise for sale at auction to customers over an electronic network, such as the Internet's World Wide Web.
- Potential customers are presented with a series of descriptive merchandise catalog pages through which they may navigate to find items (lots) of interest.
- customers may click a button on screen to display a form for placing a bid on the lot.
- the electronic auction system records the bid and updates the lot's merchandise catalog page to show the current high bid or bids and to whom such bids are attributable.
- the electronic auction system When the auction is closed, after a period of no bidding activity, at a predetermined time, or when a desired sales volume is reached, the electronic auction system notifies the winning and losing bidders by electronic mail and posts a list of the winning bidders on the closed lot's merchandise catalog page.
- the present invention is preferably implemented as a computer program 248 running on a central server host computer 250, shown in FIG. 1 , attached to a wide area network 275 accessible by many potential customers through remote terminals 210.
- a preferred network for implementing the present invention is the Internet which is accessible by a significant percentage of the world population, although the network may also be a local area or limited area accessible network.
- Potential customers are presented at screen 280 with merchandise catalog pages, such as the one shown in FIG. 2, generated by merchandise catalog page generator 25 shown in FIG. 4.
- Each merchandise catalog page includes several action buttons 5 that allow the customer to move from catalog page to catalog page and to place bids using keyboard 240 and pointing device 260. The user may call up an index of available merchandise by pressing button 7 or may return to a central home page by pressing button 9.
- bid button 1 By pressing bid button 1 in FIG. 2, the customer is presented with a bid form such as the one shown in FIG. 3. The customer fills out the required information in the bid form and presses "Place Bid" button 2 to send the bid to the electronic auction system for processing.
- Place Bid Other equivalent means for submitting a bid could be used, as understood by those skilled in the art to which the present invention pertains.
- FIG. 4 illustrates a high level block diagram of the electronic auction system of the present invention.
- information from bid form 20 is received by the electronic auction system where it is processed by bid validator 21.
- Bid validator 21 examines the bid information entered by the customer on bid form 20 to ensure that the bid is properly formatted, all necessary data is present, and the data values entered look credible. Exemplary functions of bid validator 21 include verifying credit card information entered by the customer, checking that a complete name and shipping address has been entered, that the proper state abbreviation and zip code have been entered, that an appropriate bid amount has been entered, and that a telephone or facsimile number has been entered. Once the bid information has been validated, the bid validator 21 places the bid in bid database 31.
- Auction manager 26 preferably frequently queries the bid database 31 to see if any new bids have been placed. If new bids are found during the query, then auction manager 26 calculates the current high bidder or bidders and instructs merchandise catalog page generator 25 to regenerate a catalog page with the updated bid information.
- Auction manager 26 is also responsible for opening and closing auctions. This entails making merchandise lots available for bidding by customers and disabling their associated buy or bid features on the merchandise pages that have been posted to potential bidders but have closed. When auction manager 26 determines that a new lot should be opened for bidding or an available lot should be closed, it instructs merchandise catalog page generator 25 to create or update the merchandise catalog pages for the appropriate lots.
- Electronic mail messenger 27 frequently queries bid database 31 for bids recently marked by auction manager 26 as having been outbid or as having won an item in a recently closed auction. If such bids are found, the electronic mail messenger 27 formats an appropriate electronic mail notification message 24 and sends this message to the customer. Many customers read their electronic mail throughout the day, making this a convenient mechanism for keeping them informed about the status of merchandise on which they are actively bidding.
- Bidders may reply to an electronic mail notification message 24 informing them that they have been outbid by including an increased bid amount in the reply message.
- An electronic mail bid 22 sent in reply to the notification is received by the electronic auction system and processed by bid validator 21 as described above.
- FIG. 5 illustrates in detail the procedure of bid validation as accomplished by bid validator 21 shown in FIG. 4.
- a bid is received by bid validator 21 and the customer is looked up at step 41 in customer database 28. If no customer record exists for the customer then a new customer record is created 42 and placed in customer database 28. From there, the bid information is validated 43 as previously described.
- an error message is returned 44 to the bidder, preferably in the form of a well-formatted page posted across the network, itemizing the errors found in the bid. If the bid is valid, as found in step 43, then the bid is placed 46 in bid database 31 .
- FIG. 6 provides a detailed illustration of the procedures carried out by auction manager 26.
- Auction manager 26 is preferably a continuously running system that begins by getting the current time as at step 51. It then checks to see if any new items for sale are to be opened by examining the merchandise database to see if any new merchandise items are scheduled to be made available for bidding by customers at or before the current time. Operator 300, or some automated substitute, may upload merchandise and scheduling information to the database, as shown in FIG. 1. If new merchandise items are scheduled for posting, these items are opened for bidding 52. The auction manager then examines the merchandise database to see if any merchandise items are scheduled to be closed from customer bidding. If so, these items are closed from bidding 53.
- Auction manager 26 then examines the merchandise database to see if any merchandise items posted with a price markdown feature are scheduled to have their prices adjusted. If so, the prices of these items are adjusted 54 in accordance with the particular item's price adjustment parameters. Such parameters may include bidding activity over time, amount of bids received, and number of items bid for. Auction manager 26 then updates 55 the bid list for open items by recalculating the current high bidder list and regenerating the merchandise catalog pages 56 to reflect these new bids. This step is more fully described below with reference to FIG. 7.
- FIG. 7 illustrates the procedures carried out by the bid manager in updating the bid list for open items 55 as shown in FIG. 6.
- the bid manager begins by checking 61 if there are more merchandise items to be processed. If such items are found, the bid manager selects 62 a merchandise item to process and queries 64 the bid database for bids for this item. These bids are sorted 65 using a variety of different priority ranking schemes depending upon the auction method and system used for the particular merchandise item, as described in more detail below. Then, the bids are marked 66 as either successful or unsuccessful depending upon the bid price of the respective bids and the quantity of the item being bid on relative to the quantity of the item being auctioned. In a preferred embodiment, a quantity of an item may be put up for auction, and individual bidders may bid on any quantity of the item desired, up to the quantity of the item being auctioned.
- a proxy bid is a special bid type that allows auction manager 26 to automatically bid on the bidder's behalf up to a limited amount established by the bidder when his or her initial bid is placed. The auction manager will increase the bid as necessary up to the limit amount. This feature allows the customer to get the lowest possible price without exceeding a limit preferably established when the bid is entered. If there are active proxy bids marked as unsuccessful, then the bid manager increments 69 the proxy bids by a preset bid increment. This procedure of sorting 65 marking 66 bids and incrementing 69 the proxy bids as required continues until either there are no additional proxy bids marked as unsuccessful or the proxy limits have been reached on the proxy bids. At this point, bid database 31 is updated 68 with the marked bids. This process is then repeated for each merchandise lot open at the current time for bidding by customers.
- FIG. 8 illustrates the procedures carried out by electronic mail messenger 27 which notifies bidders when they have been outbid.
- electronic mail messenger 27 detects 81 the presence of these marked bids and then looks up 82 the customer's electronic mail address and looks up 83 inventory information on the item desired by the bidder. With this information, electronic mail messenger 27 constructs 84 an electronic mail message informing the bidder that he or she has been outbid. Once constructed, the electronic mail notification message 24 is sent to the bidder as shown at step 85.
- bid validator 21 auction manager 26, and electronic mail messenger 27 communicate by adding, marking, and updating records in the various databases.
- Each of these components periodically checks at least one of the databases to see if anything relevant to their respective functions has changed and take action accordingly.
- the components could send direct messages between themselves or call each other by means of program subroutines to signal important events that would require one or the other component to update its state.
- the electronic auction system awards the merchandise to the top bidder or bidders in accordance with their bids once bidding has stopped.
- the system awards the merchandise to the top bidders.
- Bidders may bid on more than one unit, and different successful bidders will, in general, pay different prices for an item.
- FIG. 9 illustrates the Standard Auction format where bid manager 55, shown in FIG. 6, determines which bids to mark as successful or unsuccessful, as shown in step 66 in FIG. 7.
- Bid manager 55 begins by sorting 91 the bids by amount of the bid. If there are bids remaining to be processed, determined at step 97, the highest remaining bid is selected 98 to be checked. If the bid is below the minimum bid allowed for the particular merchandise item, as determined at step 93, the bid is marked 99 as unsuccessful. If not, the bid is checked 94 to see if the quantity may be satisfied. A bid may be satisfied if the quantity of the item bid upon is available. This information is available from auction database 29. If not, then the bid is marked 99 as unsuccessful.
- the system could ask the user if a lesser quantity than bid upon will be acceptable, as shown in FIG. 2 at box 310. If the bid quantity can be satisfied, as determined at step 94, then the bid is marked 95 as successful and the item quantity remaining, recorded in auction database 29, is decremented 96 by the bid quantity. After the quantity remaining is decremented 96, and if, as determined at step 97, there are still bids remaining to be marked, the next highest bid is selected 98 and the steps of FIG. 9 are repeated.
- the electronic auction system of the present invention also provides a "Dutch Auction" format, wherein the electronic auction system awards the merchandise to all of the top bidders for whom there is available inventory at the price bid by the lowest successful bidder.
- This format may be preferred by customers for being the most fair when a plurality of a specific item is being auctioned. As with all bidding, there will be a range of bids submitted. In the Dutch Auction format, the highest bidders are awarded the merchandise but at the same price for all successful bidders, the price bid by the lowest successful bidder.
- FIG. 10 illustrates the Dutch Auction format whereby bid manager 55 shown in FIG. 6 determines which bids to mark 66 as successful or unsuccessful, as shown in FIG. 7.
- Bid manager 55 begins by sorting 1 1 1 the bids by amount of the bid. If there are bids remaining to be processed, as determined at step 97 the highest bid is selected 98 to be checked. If the bid is below the minimum bid allowed for the particular merchandise item, as determined at step 93, the bid is marked as unsuccessful 99. If not, the bid is checked 94 to see if the bid quantity may be satisfied. If the bid cannot be satisfied, then the bid is marked as unsuccessful at step 99. If the bid quantity can be satisfied, then the bid is marked as successful at step 95 and the item quantity remaining is decremented 96 by the bid quantity.
- the MinWin price is recorded 1 17.
- the MinWin price is the price above which a new bidder must bid in order to be successful in the Dutch Auction format were the auction to close at that moment.
- the MinWin price is, in general, the bid price of the lowest bid that is marked as successful. After recording the MinWin price at step 1 17, where there are still bids remaining to be marked, as determined at step 97, the next highest bid is selected 98 and the steps of FIG. 10 are repeated.
- the electronic auction system of the present invention also includes a "Progressive Auction" format, wherein the electronic auction system awards the merchandise to the top bidders based on price bid.
- the highest price bids are awarded the merchandise up to the quantity available of the item being auctioned.
- the system awards the merchandise to the successful bidders at different prices depending on the quantity bid.
- a successful bidder for a single unit of an item is awarded the item at the price of the lowest successful bid for a single unit of the item.
- a successful bidder for a higher quantity of the same jtem is awarded the item at the price of the lowest successful bid at that quantity or any lower quantity.
- a successful bidder for a quantity of five would pay the lowest price for any successful bid for quantity one through five of the item.
- the price paid for a given quantity is termed the "MinWin" price for that quantity.
- the Progressive Auction format ensures that successful bidders for a quantity of an item pay the lowest price paid by any other successful bidder at that quantity level or below. Use of this format leads to lower prices for those who successfully bid on larger quantities of an item, provides an impetus for volume buying, and therefore leads to greater sales volume.
- FIG. 1 1 illustrates the Progressive Auction format, wherein bid manager 55 shown in FIG. 6 determines which bids to mark as successful or unsuccessful 66 as shown in FIG. 7.
- Bid manager 55 begins by sorting 131 the bids by amount of the bid. If there are bids remaining to be processed, as determined at step 97, the highest bid is selected 98 to be checked. If the bid is determined to be below the minimum bid allowed for the particular merchandise item at step 93, the bid is marked as unsuccessful 99. If not, the bid is checked at step 94 to see if the bid quantity can be satisfied. If not, then the bid is marked 99 as unsuccessful. If the bid quantity is checked and found to be satisfied at step 94, then the bid is marked as successful 95 and the item quantity remaining is decremented 96 by the bid quantity.
- the bid manager 55 shown in FIG. 6 determines which bids to mark as successful or unsuccessful 66 as shown in FIG. 7.
- MinWin price is then recorded 137.
- the MinWin price is the price above which a new bidder must bid in order to be successful in the Progressive Auction format were the auction to close at that moment.
- the MinWin price is, in general, the bid price of the lowest bid at the current bid quantity or lower that is marked as successful.
- MinWin price 137 if there are still bids remaining to be marked, the next highest bid is selected 98 and the steps of FIG. 1 1 are repeated.
- the electronic auction system also includes a "Buy Or Bid" format wherein the electronic auction system awards merchandise to bidders who place bids at or above a posted selling price. The item remains for sale until the available quantity is purchased. Bids that are below the posted selling price are maintained in reserve by the system. If a certain sales volume is not achieved in a specified period of time, the electronic auction system automatically reduces the price by a predetermined amount or a predetermined percentage of the price and updates the merchandise catalog page accordingly. The lower price may be at or below some of the bids already in the bid database. If such bids are present, they are then converted to orders and the quantity available is reduced accordingly.
- a "Buy Or Bid" format wherein the electronic auction system awards merchandise to bidders who place bids at or above a posted selling price. The item remains for sale until the available quantity is purchased. Bids that are below the posted selling price are maintained in reserve by the system. If a certain sales volume is not achieved in a specified period of time, the electronic auction system automatically reduces the price by
- the electronic auction system automatically increases the price by a set amount or by a set percentage of the price and updates the merchandise page accordingly.
- FIG. 12 illustrates the Buy Or Bid format whereby bid manager 55, as shown in FIG. 6, determines which bids to mark as successful or unsuccessful 66, as shown in FIG. 7.
- Bid manager 55 begins by sorting
- the bids by amount the bids by amount. If there are bids remaining to be processed, as determined at step 97, the highest bid is selected 98 to be checked. If the bid is below the current price of the merchandise item, as determined at 93, then the bid is marked 99 unsuccessful. If the bid is not below the current price, as determined at 93, then the bid is checked 94 to see if the bid quantity can be satisfied. If not, the bid is marked as unsuccessful 99. If the bid quantity can be satisfied, then the bid is converted into an order 155 at the current price of the item and the item's quantity remaining is decremented 96. The bids remaining to be processed, as determined at 97, are then checked and the steps of FIG. 1 1 are repeated. From time to time, the current price of the merchandise item may be raised or lowered either by manual input from an operator 300 as shown in FIG. 1 or by automatically using the "markdown" feature described below with reference to FIG. 14.
- FIG. 13 illustrates in more detail the step of determining if the bid quantity can be satisfied 94. If the bid quantity is determined to be less than the available quantity of the merchandise item at step 171 , then the test is found satisfied at step 174. If not, then the bid is checked at 172 to see if the bidder is willing to accept a reduced quantity. Preferably, when placing a bid, the bidder indicates its willingness to accept a partial quantity in the event that an insufficient quantity of the item is available to satisfy the bid if successful. If the bidder is found willing to accept a reduced quantity at 172, then the test is found satisfied at 174. If not, the test fails at 173 and the bid is marked as unsuccessful at, for example, 99 in FIG. 9.
- the electronic auction system also includes a "markdown" feature, wherein the electronic auction system of the present invention awards merchandise to buyers who place orders at the currently posted selling price. The item remains on sale until the available quantity is purchased. If a certain sales volume is not achieved in a specified period of time, the electronic auction system automatically reduces the price by a set amount or a set percentage and updates the merchandise catalog page accordingly. This lower price encourages buyers to take advantage of the new price. If a certain sales volume is exceeded in a specified period of time, the electronic auction system automatically increases the price by a set amount or a set percentage and updates the merchandise page accordingly. These automatic price changes allow the system to respond to market conditions while keeping the prices of the merchandise as high as possible to the seller's benefit.
- FIG. 14 illustrates the Markdown price adjustment feature whereby auction manager 26, as shown in FIG. 4, periodically adjusts 54 the sales prices or minimum bid prices, of the merchandise items according to a predetermined schedule as shown in FIG. 6. If more merchandise items are found in the merchandise database at 181 , a merchandise item is selected 183 for Markdown. If a Markdown event has occurred for the item, as determined at 184, the item's price is adjusted 185 according to the schedule preset for the individual item. Alternatively, the adjustment could be relative to prices offered for the merchandise. The merchandise item is then updated 186 in the database with the new sale price or minimum bid price. The steps of FIG. 14 are then repeated for each successive merchandise item in the merchandise database.
- the electronic auction system of the present invention preferably includes a "Proxy Bidding" feature that may be applied to any of the auction formats described above.
- FIG. 7 fully describes auction manager
- Proxy Bidding When Proxy Bidding is employed, a bidder places a bid for the maximum amount they are willing to pay. The electronic auction system, however, only displays the amount necessary to win the item up to the amount of the currently high proxy bids of other bidders. Typically, the currently high bids display an amount that is one bidding increment above the second highest bid or bids, although a percentage above the second highest bids may be used as well. When a new bidder places a bid that is above a currently displayed high bid, the proxy feature will, in general, cause the currently high bid to move up to an amount higher than the new bid, up to the maximum amount of the currently high bidder's proxy bid.
- This feature allows bidders to participate in the electronic auction without revealing to the other bidders the extent to which they are willing to increase their bids, while maintaining control of their maximum bid without closely monitoring the bidding. Participation is engaged in automatically on the bidder's behalf by the inventive system.
- the feature guarantees proxy bidders the lowest possible price up to a specified maximum without requiring frequent inquiries as to the state of the bidding.
- the electronic auction system of the present invention can employ a "Floating Closing Time” feature whereby the auction for a particular item is automatically closed if no new bids are received within a predetermined time interval.
- This feature would typically be implemented in a manner similar to that used to close auctions of old items, as shown at step 53 in FIG. 6. This feature forces the bidding activity to occur within a shorter amount of time than would otherwise be achieved because bidders are aware that the item will automatically close if no new bids have been received in a timely manner.
- the Floating Closing Time feature also allows more items to be auctioned during a period of time since each item is closed once bidding activity ceases; the bidding period is not protracted to an artificial length as is the case when an item closes at a preset date and time.
- the Floating Closing Time feature of the present invention may be employed either in conjunction with or independent of a fixed closing time for an item. When employed in conjunction with a fixed closing time, the auction is closed either when the preset fixed time period has expired for the item or when no bidding activity has occurred within a preset time interval. This forces the bidding to cease at a particular time in case the bidding activity becomes artificially protracted.
Abstract
Description
Claims
Applications Claiming Priority (7)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US62394696A | 1996-03-29 | 1996-03-29 | |
US08/624,259 US6243691B1 (en) | 1996-03-29 | 1996-03-29 | Method and system for processing and transmitting electronic auction information |
US623946 | 1996-03-29 | ||
US623654 | 1996-03-29 | ||
US08/623,654 US5835896A (en) | 1996-03-29 | 1996-03-29 | Method and system for processing and transmitting electronic auction information |
US624259 | 1996-03-29 | ||
PCT/US1997/004535 WO1997037315A1 (en) | 1996-03-29 | 1997-03-19 | Method and system for processing and transmitting electronic auction information |
Publications (2)
Publication Number | Publication Date |
---|---|
EP0900424A1 true EP0900424A1 (en) | 1999-03-10 |
EP0900424B1 EP0900424B1 (en) | 2001-10-24 |
Family
ID=27417342
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
EP97916124A Expired - Lifetime EP0900424B1 (en) | 1996-03-29 | 1997-03-19 | Method and system for processing and transmitting electronic auction information |
Country Status (8)
Country | Link |
---|---|
EP (1) | EP0900424B1 (en) |
JP (1) | JP2000503789A (en) |
AT (1) | ATE207638T1 (en) |
AU (1) | AU717594B2 (en) |
CA (2) | CA2629281C (en) |
DE (1) | DE69707668T2 (en) |
IL (1) | IL126793A (en) |
WO (1) | WO1997037315A1 (en) |
Cited By (9)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6993503B1 (en) * | 2000-01-28 | 2006-01-31 | Priceline.Com Incorporated | System and method for allocating a conditional purchase offer for a travel related services reservation to one of a plurality of entities in a buyer driven electronic commerce system |
US7685028B2 (en) | 2003-05-28 | 2010-03-23 | Gross John N | Method of testing inventory management/shipping systems |
US8433622B2 (en) | 2003-05-28 | 2013-04-30 | Media Queue, Llc | Method of controlling electronic commerce queue |
US8606717B2 (en) | 2003-01-31 | 2013-12-10 | Media Queue, Llc | Playable media delivery capacity exchange method |
US8688462B2 (en) | 2003-01-31 | 2014-04-01 | Media Queue, Llc | Media auto exchange system and method |
US8712867B2 (en) | 2003-01-31 | 2014-04-29 | Media Queue, Llc | System for providing access to playable media |
US8738541B2 (en) | 2003-06-25 | 2014-05-27 | Media Queue, Llc | Method of processing rental requests and returns |
US10515404B2 (en) | 2011-07-13 | 2019-12-24 | Sbb Business Services Ltd. | Computer system and method for conducting auctions over a computer network |
US11153472B2 (en) | 2005-10-17 | 2021-10-19 | Cutting Edge Vision, LLC | Automatic upload of pictures from a camera |
Families Citing this family (175)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
AUPQ131399A0 (en) * | 1999-06-30 | 1999-07-22 | Silverbrook Research Pty Ltd | A method and apparatus (NPAGE02) |
US7937312B1 (en) * | 1995-04-26 | 2011-05-03 | Ebay Inc. | Facilitating electronic commerce transactions through binding offers |
US7702540B1 (en) | 1995-04-26 | 2010-04-20 | Ebay Inc. | Computer-implement method and system for conducting auctions on the internet |
US5905975A (en) * | 1996-01-04 | 1999-05-18 | Ausubel; Lawrence M. | Computer implemented methods and apparatus for auctions |
US7249027B1 (en) | 1996-01-04 | 2007-07-24 | Efficient Auctions Llc | Computer implemented methods and apparatus for auctions |
US6243691B1 (en) | 1996-03-29 | 2001-06-05 | Onsale, Inc. | Method and system for processing and transmitting electronic auction information |
US6850907B2 (en) | 1996-12-13 | 2005-02-01 | Cantor Fitzgerald, L.P. | Automated price improvement protocol processor |
US7249061B1 (en) | 1997-03-14 | 2007-07-24 | Kabushiki Kaisha Toshiba | Method of electronic commerce including receiving an acceptance signal indicating a change in a transaction available period based on a time adjustment day |
CA2228331C (en) * | 1998-01-30 | 2002-01-15 | Ibm Canada Limited-Ibm Canada Limitee | A token-based deadline enforcement system for electronic document submission |
US6415269B1 (en) * | 1998-05-29 | 2002-07-02 | Bidcatcher, L.P. | Interactive remote auction bidding system |
US7069243B2 (en) * | 1998-05-29 | 2006-06-27 | Dinwoodie David L | Interactive remote auction bidding system |
US6035288A (en) * | 1998-06-29 | 2000-03-07 | Cendant Publishing, Inc. | Interactive computer-implemented system and method for negotiating sale of goods and/or services |
US6067532A (en) * | 1998-07-14 | 2000-05-23 | American Express Travel Related Services Company Inc. | Ticket redistribution system |
US7283980B2 (en) | 1999-05-14 | 2007-10-16 | Ariba, Inc. | Method and system for controlling the initiation and duration of overtime intervals in electronic auctions |
US7599878B2 (en) | 1999-02-19 | 2009-10-06 | Ariba, Inc. | Method, apparatus, and system for bidding in rounds |
US7792713B1 (en) | 2000-01-24 | 2010-09-07 | Ariba, Inc. | Method and system for disguised price bidding in online auctions |
US7249085B1 (en) | 1999-03-31 | 2007-07-24 | Ariba, Inc. | Method and system for conducting electronic auctions with multi-parameter price equalization bidding |
EP1122669A3 (en) * | 1998-09-18 | 2001-09-26 | Freemarkets, Inc. | Method and system for conducting electronic auctions |
US7152043B2 (en) | 1999-02-19 | 2006-12-19 | Ariba, Inc. | Method and system for dynamically controlling overtime in electronic auctions |
US6230146B1 (en) | 1998-09-18 | 2001-05-08 | Freemarkets, Inc. | Method and system for controlling closing times of electronic auctions involving multiple lots |
US7383206B2 (en) | 1999-02-19 | 2008-06-03 | Ariba, Inc. | Method and apparatus for multiple variable bidding in an online auction |
AUPP650598A0 (en) * | 1998-10-15 | 1998-11-05 | Reay, Mark Richard | This 'n' that |
AU755756B2 (en) * | 1998-10-15 | 2002-12-19 | Racebase Pty Ltd | Decision platform for object comparison |
US6058417A (en) | 1998-10-23 | 2000-05-02 | Ebay Inc. | Information presentation and management in an online trading environment |
US7162446B1 (en) | 1998-12-08 | 2007-01-09 | Ebay Inc. | Integrated auction |
CA2353999A1 (en) * | 1998-12-08 | 2000-06-15 | Ebay, Inc. | Integrated auction for remote online bidders and live participants at an auction site |
US8527392B2 (en) | 1998-12-08 | 2013-09-03 | Ebay Inc. | Method and apparatus for holding a two-stage live auction for on-site and on-line bidders |
US7840472B1 (en) | 1999-12-08 | 2010-11-23 | Ebay Inc. | Method and apparatus for holding an online live auction to combine features of both the internet and traditional, real world auctions |
CA2394575A1 (en) * | 1998-12-17 | 2000-06-22 | Michael Peter Groves | An auction system |
US7225152B2 (en) | 1999-02-19 | 2007-05-29 | Ariba, Inc. | Method, apparatus, and system for varying an award volume in an auction |
US7499876B2 (en) | 1999-02-19 | 2009-03-03 | Ariba, Inc. | Method and apparatus for configurably adjusting a bid in an online auction |
US6871191B1 (en) | 2000-01-24 | 2005-03-22 | Sam E. Kinney, Jr. | Method and system for partial quantity evaluated rank bidding in online auctions |
JP2000259744A (en) * | 1999-03-05 | 2000-09-22 | Yoshiyuki Osawa | Real estate auction system |
US7801775B1 (en) * | 1999-03-29 | 2010-09-21 | Amazon.Com, Inc. | Method and system for authenticating users when conducting commercial transactions using a computer |
US7010511B1 (en) | 1999-03-31 | 2006-03-07 | Kinney Jr Sam E | Method and system for conducting electronic auctions with net present value bidding |
US7840476B1 (en) | 1999-03-31 | 2010-11-23 | Ariba, Inc. | Transformation bidding with tooling requirements |
US7165046B2 (en) | 2000-05-18 | 2007-01-16 | Efficient Auctions Llc | System and method for an efficient dynamic multi-unit auction |
US6564192B1 (en) | 1999-06-08 | 2003-05-13 | Freemarkets, Inc. | Method and system for differential index bidding in online auctions |
US7330826B1 (en) | 1999-07-09 | 2008-02-12 | Perfect.Com, Inc. | Method, system and business model for a buyer's auction with near perfect information using the internet |
US6606608B1 (en) * | 1999-07-19 | 2003-08-12 | Amazon.Com, Inc. | Method and system for providing a discount at an auction |
JP3764001B2 (en) * | 1999-07-27 | 2006-04-05 | 株式会社ナムコ | Game device ranking display method |
WO2001018724A1 (en) * | 1999-09-10 | 2001-03-15 | Priceline.Com Incorporated | SYSTEM AND METHOD FOR SUBSIDIZING CONDITIONAL PURCHASE OFFERS (CPOs) |
KR20010029173A (en) * | 1999-09-29 | 2001-04-06 | 김유신 | Method for controlling internet auction system |
US7475046B1 (en) * | 1999-10-05 | 2009-01-06 | Bloomberg L.P. | Electronic trading system supporting anonymous negotiation and indications of interest |
US7373312B1 (en) | 1999-12-03 | 2008-05-13 | Ebay Inc. | Method and apparatus for facilitating user registration in an on-line auction environment |
US6466917B1 (en) | 1999-12-03 | 2002-10-15 | Ebay Inc. | Method and apparatus for verifying the identity of a participant within an on-line auction environment |
AU764244B2 (en) * | 1999-12-06 | 2003-08-14 | Swisscom Mobile Ag | Computer-aided auctioning method and auctioning system |
US8145555B2 (en) | 1999-12-21 | 2012-03-27 | Ausubel Lawrence M | System and method for the efficient clearing of spectrum encumbrances |
US7149718B1 (en) | 1999-12-21 | 2006-12-12 | Ebay Inc. | Method and system for the creation and communication of notes concerning an auction participant or item within a network-based auction facility |
JP3659400B2 (en) * | 1999-12-28 | 2005-06-15 | 楽天株式会社 | Auction system |
US7835957B1 (en) | 2000-01-24 | 2010-11-16 | Ariba, Inc. | Method and system for correcting market failures with participant isolation in dutch style online auctions |
US8781940B2 (en) | 2000-01-26 | 2014-07-15 | Ebay Inc. | Method and apparatus for facilitating user selection of a category item in a transaction |
AU7684400A (en) * | 2000-01-27 | 2001-08-07 | Softbank Frontier Securities Co., Ltd. | Commerce information processor, commerce terminal, commerce information processing method, and recorded medium |
US8290809B1 (en) | 2000-02-14 | 2012-10-16 | Ebay Inc. | Determining a community rating for a user using feedback ratings of related users in an electronic environment |
US9614934B2 (en) | 2000-02-29 | 2017-04-04 | Paypal, Inc. | Methods and systems for harvesting comments regarding users on a network-based facility |
US7428505B1 (en) | 2000-02-29 | 2008-09-23 | Ebay, Inc. | Method and system for harvesting feedback and comments regarding multiple items from users of a network-based transaction facility |
JP2001250017A (en) * | 2000-03-07 | 2001-09-14 | Ntt Data Corp | System, terminal and method for estimate matching and recording medium with program recorded thereon |
US8706618B2 (en) | 2005-09-29 | 2014-04-22 | Ebay Inc. | Release of funds based on criteria |
JP2001290962A (en) * | 2000-04-06 | 2001-10-19 | Hideki Tsukamoto | System for circularly reusing resource material or waste material |
JP5001481B2 (en) * | 2000-04-19 | 2012-08-15 | 株式会社 ディー・エヌ・エー | Auction system and method using network |
JP4981201B2 (en) * | 2000-04-19 | 2012-07-18 | 株式会社 ディー・エヌ・エー | Auction system and method using network |
US7523114B2 (en) | 2000-04-24 | 2009-04-21 | Ebay Inc. | Method and system for categorizing items in both actual and virtual categories |
US6604107B1 (en) | 2000-04-24 | 2003-08-05 | Ebay Inc. | Generic attribute database system for storing items of different categories having shared attributes |
JP2004295158A (en) * | 2000-05-09 | 2004-10-21 | Deinakku Tb:Kk | Auction device and method |
JP2002045574A (en) * | 2000-05-22 | 2002-02-12 | Voltage Inc | Data communication method and service providing server |
US7877278B1 (en) | 2000-05-30 | 2011-01-25 | Ebay Inc. | Method and system for reporting fraud and claiming insurance related to network-based transactions |
US7673229B1 (en) | 2000-06-07 | 2010-03-02 | Ebay Inc. | Apparatus and method for generating sub-codes to a turbo-encoder |
JP2002073508A (en) * | 2000-06-12 | 2002-03-12 | Koji Noda | Electronic bulletin board system, event reporting device and information sharing system |
GB2363483A (en) * | 2000-06-16 | 2001-12-19 | Eteatrade Ltd | An auction system and method |
JP2002015173A (en) * | 2000-06-30 | 2002-01-18 | Art Masters:Kk | Auction system |
JP2002024597A (en) * | 2000-07-03 | 2002-01-25 | Yojiro Aizawa | Device and method for carrying information and device and method for electronic commercial transaction |
JP4313933B2 (en) * | 2000-07-11 | 2009-08-12 | 日本電気株式会社 | Auction information providing system and auction information providing method |
US7409368B2 (en) | 2000-07-13 | 2008-08-05 | Oes, Inc. | Dutch auction system with preregistered bid feature |
JP2002063398A (en) * | 2000-08-17 | 2002-02-28 | Kazuhiro Sumiyama | Method for providing dealing and mediation information using internet |
JP2002092384A (en) * | 2000-09-11 | 2002-03-29 | Rumi Uejima | Grading of art object and sale system |
US6944599B1 (en) | 2000-09-13 | 2005-09-13 | Ebay Inc. | Monitoring and automatic notification of irregular activity in a network-based transaction facility |
US6976005B1 (en) | 2000-09-21 | 2005-12-13 | International Business Machines Corporation | Methods, systems, and computer program products for dynamically bidding in and conducting multiple simultaneous online auctions located across multiple online auction sites |
JP2002099662A (en) * | 2000-09-22 | 2002-04-05 | Sankyo Kk | Providing method for service using play acquired value |
US6523037B1 (en) | 2000-09-22 | 2003-02-18 | Ebay Inc, | Method and system for communicating selected search results between first and second entities over a network |
KR20030032056A (en) * | 2000-09-27 | 2003-04-23 | 가부시끼가이샤 도시바 | Electronic commerce server, electronic commerce method, recorded medium on which electronic commerce program is recorded |
JP2002109286A (en) * | 2000-10-03 | 2002-04-12 | Mitsunori Hikita | Bucket auction system, computer readable recording medium recording the same and bucket auction device |
JP2002117305A (en) * | 2000-10-04 | 2002-04-19 | Tokyo Electric Power Co Inc:The | System and server for distributing contents |
US7660740B2 (en) | 2000-10-16 | 2010-02-09 | Ebay Inc. | Method and system for listing items globally and regionally, and customized listing according to currency or shipping area |
US6748422B2 (en) | 2000-10-19 | 2004-06-08 | Ebay Inc. | System and method to control sending of unsolicited communications relating to a plurality of listings in a network-based commerce facility |
US7340429B2 (en) | 2000-10-23 | 2008-03-04 | Ebay Inc. | Method and system to enable a fixed price purchase within a online auction environment |
US7870054B2 (en) | 2000-11-10 | 2011-01-11 | Ariba, Inc. | Method, apparatus and system for advancing a bidder to a selected rank |
US8463714B1 (en) | 2000-11-13 | 2013-06-11 | Ebay Inc. | Automated cross-cultural conflict management |
US8458214B1 (en) | 2000-11-14 | 2013-06-04 | Ebay Inc. | Taxonomy-based database partitioning |
US7634439B1 (en) | 2000-11-14 | 2009-12-15 | Ariba, Inc. | Method and apparatus to perform buy versus leasing transformational bidding |
US8630938B2 (en) | 2000-11-15 | 2014-01-14 | Ebay Inc. | Method and apparatus to detect fraudulent activities within a network-based auction facility |
US7774276B1 (en) | 2000-11-20 | 2010-08-10 | Ebay Inc. | Method and system for dealing with non-paying bidders related to network-based transactions |
US7299206B2 (en) | 2000-11-30 | 2007-11-20 | Ebay Inc. | Method and system to implement seller authorized buying privileges within a network-based shopping facility |
US20020078152A1 (en) | 2000-12-19 | 2002-06-20 | Barry Boone | Method and apparatus for providing predefined feedback |
JP2002203136A (en) * | 2000-12-28 | 2002-07-19 | Takamura Garo:Kk | Artwork selling support system |
US8086518B1 (en) | 2000-12-29 | 2011-12-27 | Ariba, Inc. | Allotting an award volume in an auction |
US20020087456A1 (en) * | 2000-12-29 | 2002-07-04 | Daniel Abeshouse | Method, apparatus, and system for synchronizing timing of an auction throug a computer network |
JP2002207891A (en) * | 2001-01-12 | 2002-07-26 | Toshiba Corp | Network auction system, method and storage medium |
JP2002215951A (en) * | 2001-01-19 | 2002-08-02 | Nippon Telegr & Teleph Corp <Ntt> | Auction method using network, auction system, computer readable record medium recording auction program and auction program |
JP2002215953A (en) * | 2001-01-22 | 2002-08-02 | Nippon Telegr & Teleph Corp <Ntt> | Settlement method in auction system using network, auction system, computer readable recording medium recording auction program and auction program |
US7310733B1 (en) | 2001-01-29 | 2007-12-18 | Ebay Inc. | Method and system for maintaining login preference information of users in a network-based transaction facility |
US7072061B2 (en) | 2001-02-13 | 2006-07-04 | Ariba, Inc. | Method and system for extracting information from RFQ documents and compressing RFQ files into a common RFQ file type |
US7277878B2 (en) | 2001-02-13 | 2007-10-02 | Ariba, Inc. | Variable length file header apparatus and system |
JP2002245288A (en) * | 2001-02-14 | 2002-08-30 | I Mart:Kk | Method for sales of goods by auction |
US8380608B2 (en) | 2001-02-15 | 2013-02-19 | Ariba, Inc. | System and method for creating a spot market |
US7392217B2 (en) | 2001-05-09 | 2008-06-24 | Bgc Partners, Inc. | Systems and methods for controlling traders from manipulating electronic trading markets |
AUPR557001A0 (en) * | 2001-06-08 | 2001-07-12 | G.H. Michell & Sons (Australia) Pty. Ltd. | Wool tender selling system |
US8428996B2 (en) | 2001-06-11 | 2013-04-23 | Ebay Inc. | Method and system automatically to support multiple transaction types, and to display seller-specific transactions of various transaction types in an integrated, commingled listing |
US7890375B2 (en) | 2001-07-31 | 2011-02-15 | Half.Com, Inc. | Method and system to facilitate pre-ordering via an electronic commerce facility, and to automatically facilitate satisfying of a pre-order upon listing of an appropriate offer via the electronic commerce facility |
US7752266B2 (en) | 2001-10-11 | 2010-07-06 | Ebay Inc. | System and method to facilitate translation of communications between entities over a network |
US7536362B2 (en) | 2001-11-07 | 2009-05-19 | Ariba, Inc. | Method for selecting an optimal balance between direct cost and a number of suppliers |
US7305469B2 (en) | 2001-12-18 | 2007-12-04 | Ebay Inc. | Prioritization of third party access to an online commerce site |
US8126799B2 (en) * | 2002-01-09 | 2012-02-28 | Ariba, Inc. | Method of bidding to drive competition in an auction |
US7146331B1 (en) | 2002-01-17 | 2006-12-05 | Ariba, Inc. | Method and system for supplier prioritization |
US7483852B2 (en) | 2002-04-24 | 2009-01-27 | Ariba, Inc. | Total value bidding |
US8719041B2 (en) | 2002-06-10 | 2014-05-06 | Ebay Inc. | Method and system for customizing a network-based transaction facility seller application |
US7941348B2 (en) | 2002-06-10 | 2011-05-10 | Ebay Inc. | Method and system for scheduling transaction listings at a network-based transaction facility |
US8078505B2 (en) | 2002-06-10 | 2011-12-13 | Ebay Inc. | Method and system for automatically updating a seller application utilized in a network-based transaction facility |
US7974908B1 (en) | 2002-07-29 | 2011-07-05 | Ariba, Inc. | System and method for promoting competition in an auction |
US8554650B1 (en) | 2002-07-31 | 2013-10-08 | Ariba, Inc. | Importable template |
EP2428872A1 (en) | 2002-10-31 | 2012-03-14 | eSpeed, Inc. | Keyboard for trading system |
US7693747B2 (en) | 2002-10-31 | 2010-04-06 | Ariba, Inc. | Methods, system, and medium for initiating an online auction utilizing a line item detail report |
GB2395036A (en) | 2002-10-31 | 2004-05-12 | Espeed Inc | Trading interface using keyboard |
US7593866B2 (en) | 2002-12-31 | 2009-09-22 | Ebay Inc. | Introducing a fixed-price transaction mechanism in conjunction with an auction transaction mechanism |
US7904346B2 (en) | 2002-12-31 | 2011-03-08 | Ebay Inc. | Method and system to adjust a seller fixed price offer |
US8126701B2 (en) | 2003-01-31 | 2012-02-28 | Ariba, Inc. | Translation technology in electronic sourcing |
US9818136B1 (en) | 2003-02-05 | 2017-11-14 | Steven M. Hoffberg | System and method for determining contingent relevance |
US9881308B2 (en) | 2003-04-11 | 2018-01-30 | Ebay Inc. | Method and system to facilitate an online promotion relating to a network-based marketplace |
US7409361B2 (en) | 2003-12-08 | 2008-08-05 | Bid Catcher L.P. | Auction system for remote bidding and method |
US8612311B2 (en) | 2004-05-28 | 2013-12-17 | Media Queue, Llc | Hybrid distribution method for playable media |
US7870066B2 (en) | 2003-06-06 | 2011-01-11 | Ebay Inc. | Automatic dispute resolution |
US7742985B1 (en) | 2003-06-26 | 2010-06-22 | Paypal Inc. | Multicurrency exchanges between participants of a network-based transaction facility |
US8781857B2 (en) | 2003-09-19 | 2014-07-15 | Tag, Llc | Method for competitive prescription drug and/or bidding service provider selection |
US8447628B2 (en) | 2003-09-19 | 2013-05-21 | Tag, Llc | Method for competitive prescription drug and/or bidding service provider selection |
BRPI0414303A (en) | 2003-09-19 | 2006-11-07 | Tag Llc | systems to facilitate the realization of products and / or services and to process prescriptions |
US8131626B2 (en) | 2003-11-17 | 2012-03-06 | Bgc Partners, Inc. | Customizable trading display of market data |
US7428501B2 (en) | 2003-12-08 | 2008-09-23 | Bidcatcher, L.P. | Auction system for remote bidding and method |
US20050131837A1 (en) | 2003-12-15 | 2005-06-16 | Sanctis Jeanne D. | Method, system and program product for communicating e-commerce content over-the-air to mobile devices |
US7792763B2 (en) | 2004-04-12 | 2010-09-07 | Ebay Inc. | Method and system to detect outlying behavior in a network-based marketplace |
US9189568B2 (en) | 2004-04-23 | 2015-11-17 | Ebay Inc. | Method and system to display and search in a language independent manner |
US7895087B1 (en) | 2004-04-26 | 2011-02-22 | The Jellyvision Lab, Inc. | Method and system for providing an on-line auction |
JP2005323248A (en) | 2004-05-11 | 2005-11-17 | Funai Electric Co Ltd | Television program distribution system, and television program receiving terminal equipment for receiving charged television program distributed from the system |
US8370269B2 (en) | 2004-06-02 | 2013-02-05 | Overstock.Com, Inc. | System and methods for electronic commerce using personal and business networks |
US7720719B2 (en) | 2004-08-05 | 2010-05-18 | France Telecom | Method and system for IMPS-based transient objects |
US7590589B2 (en) | 2004-09-10 | 2009-09-15 | Hoffberg Steven M | Game theoretic prioritization scheme for mobile ad hoc networks permitting hierarchal deference |
US20060089871A1 (en) * | 2004-09-24 | 2006-04-27 | Kazuhito Takagi | System and method for generating advertising sales |
EP1717747A1 (en) | 2005-03-24 | 2006-11-02 | eSPEED, Inc. | Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments |
US7650307B2 (en) | 2005-06-28 | 2010-01-19 | Ebay Inc. | Method and system to enable a fixed price purchase within a multi-unit online auction environment |
US7979340B2 (en) | 2005-09-21 | 2011-07-12 | Overstock.Com, Inc. | System, program product, and methods for online image handling |
US8874477B2 (en) | 2005-10-04 | 2014-10-28 | Steven Mark Hoffberg | Multifactorial optimization system and method |
RU2488883C2 (en) | 2006-03-01 | 2013-07-27 | ТЭГ, ЭлЭлСи | Method for competitive selection of prescription medicines and/or price proposal service provider |
US8639782B2 (en) | 2006-08-23 | 2014-01-28 | Ebay, Inc. | Method and system for sharing metadata between interfaces |
US8799218B2 (en) | 2006-12-01 | 2014-08-05 | Ebay Inc. | Business channel synchronization |
US7945503B2 (en) | 2007-02-22 | 2011-05-17 | The Jellyvision Lab, Inc. | On-line auction interface |
US8549407B2 (en) | 2007-12-05 | 2013-10-01 | Ebay Inc. | Multi-dimensional dynamic visual browsing |
US8583480B2 (en) | 2007-12-21 | 2013-11-12 | Overstock.Com, Inc. | System, program product, and methods for social network advertising and incentives for same |
US8214804B2 (en) | 2007-12-31 | 2012-07-03 | Overstock.Com, Inc. | System and method for assigning computer users to test groups |
US8326662B1 (en) | 2008-06-18 | 2012-12-04 | Overstock.Com, Inc. | Positioning E-commerce product related to graphical imputed consumer demand |
US9747622B1 (en) | 2009-03-24 | 2017-08-29 | Overstock.Com, Inc. | Point-and-shoot product lister |
US8775398B2 (en) | 2009-06-01 | 2014-07-08 | Ebay Inc. | Method and system for determining an order of presentation of search results |
US8676632B1 (en) | 2009-07-16 | 2014-03-18 | Overstock.Com, Inc. | Pricing and forecasting |
US9047642B2 (en) | 2011-03-24 | 2015-06-02 | Overstock.Com, Inc. | Social choice engine |
US10546262B2 (en) | 2012-10-19 | 2020-01-28 | Overstock.Com, Inc. | Supply chain management system |
US10949876B2 (en) | 2012-10-29 | 2021-03-16 | Overstock.Com, Inc. | System and method for management of email marketing campaigns |
US11023947B1 (en) | 2013-03-15 | 2021-06-01 | Overstock.Com, Inc. | Generating product recommendations using a blend of collaborative and content-based data |
US11676192B1 (en) | 2013-03-15 | 2023-06-13 | Overstock.Com, Inc. | Localized sort of ranked product recommendations based on predicted user intent |
US10810654B1 (en) | 2013-05-06 | 2020-10-20 | Overstock.Com, Inc. | System and method of mapping product attributes between different schemas |
US9483788B2 (en) | 2013-06-25 | 2016-11-01 | Overstock.Com, Inc. | System and method for graphically building weighted search queries |
US10929890B2 (en) | 2013-08-15 | 2021-02-23 | Overstock.Com, Inc. | System and method of personalizing online marketing campaigns |
US10872350B1 (en) | 2013-12-06 | 2020-12-22 | Overstock.Com, Inc. | System and method for optimizing online marketing based upon relative advertisement placement |
US10380656B2 (en) | 2015-02-27 | 2019-08-13 | Ebay Inc. | Dynamic predefined product reviews |
US10534845B2 (en) | 2016-05-11 | 2020-01-14 | Overstock.Com, Inc. | System and method for optimizing electronic document layouts |
US10970769B2 (en) | 2017-03-02 | 2021-04-06 | Overstock.Com, Inc. | Method and system for optimizing website searching with user pathing |
US11514493B1 (en) | 2019-03-25 | 2022-11-29 | Overstock.Com, Inc. | System and method for conversational commerce online |
US11205179B1 (en) | 2019-04-26 | 2021-12-21 | Overstock.Com, Inc. | System, method, and program product for recognizing and rejecting fraudulent purchase attempts in e-commerce |
US11734368B1 (en) | 2019-09-26 | 2023-08-22 | Overstock.Com, Inc. | System and method for creating a consistent personalized web experience across multiple platforms and channels |
Citations (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5794219A (en) | 1996-02-20 | 1998-08-11 | Health Hero Network, Inc. | Method of conducting an on-line auction with bid pooling |
Family Cites Families (4)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
MC2199A1 (en) * | 1990-02-16 | 1992-10-05 | I V P Informations Ventes Publ | AUCTION PROCESSING METHOD AND SYSTEM |
GB9103907D0 (en) * | 1991-02-25 | 1991-04-10 | Beaumont Maxin International L | Interactive transaction processing system |
NL9300266A (en) * | 1993-02-10 | 1994-09-01 | Theodoor Hubertus Maria Joseph | Automated selling system |
US5845265A (en) * | 1995-04-26 | 1998-12-01 | Mercexchange, L.L.C. | Consignment nodes |
-
1997
- 1997-03-19 IL IL12679397A patent/IL126793A/en not_active IP Right Cessation
- 1997-03-19 CA CA2629281A patent/CA2629281C/en not_active Expired - Lifetime
- 1997-03-19 AT AT97916124T patent/ATE207638T1/en not_active IP Right Cessation
- 1997-03-19 AU AU23383/97A patent/AU717594B2/en not_active Expired
- 1997-03-19 CA CA002253543A patent/CA2253543C/en not_active Expired - Lifetime
- 1997-03-19 WO PCT/US1997/004535 patent/WO1997037315A1/en active IP Right Grant
- 1997-03-19 JP JP9535320A patent/JP2000503789A/en active Pending
- 1997-03-19 EP EP97916124A patent/EP0900424B1/en not_active Expired - Lifetime
- 1997-03-19 DE DE69707668T patent/DE69707668T2/en not_active Expired - Lifetime
Patent Citations (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5794219A (en) | 1996-02-20 | 1998-08-11 | Health Hero Network, Inc. | Method of conducting an on-line auction with bid pooling |
Cited By (12)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6993503B1 (en) * | 2000-01-28 | 2006-01-31 | Priceline.Com Incorporated | System and method for allocating a conditional purchase offer for a travel related services reservation to one of a plurality of entities in a buyer driven electronic commerce system |
US8606717B2 (en) | 2003-01-31 | 2013-12-10 | Media Queue, Llc | Playable media delivery capacity exchange method |
US8688462B2 (en) | 2003-01-31 | 2014-04-01 | Media Queue, Llc | Media auto exchange system and method |
US8700538B2 (en) | 2003-01-31 | 2014-04-15 | Media Queue, Llc | Media exchange system and method |
US8712867B2 (en) | 2003-01-31 | 2014-04-29 | Media Queue, Llc | System for providing access to playable media |
US7685028B2 (en) | 2003-05-28 | 2010-03-23 | Gross John N | Method of testing inventory management/shipping systems |
US8249955B2 (en) | 2003-05-28 | 2012-08-21 | John Nicholas Gross | Method of testing item availability and delivery performance of an e-commerce site |
US8433622B2 (en) | 2003-05-28 | 2013-04-30 | Media Queue, Llc | Method of controlling electronic commerce queue |
US8738541B2 (en) | 2003-06-25 | 2014-05-27 | Media Queue, Llc | Method of processing rental requests and returns |
US11153472B2 (en) | 2005-10-17 | 2021-10-19 | Cutting Edge Vision, LLC | Automatic upload of pictures from a camera |
US11818458B2 (en) | 2005-10-17 | 2023-11-14 | Cutting Edge Vision, LLC | Camera touchpad |
US10515404B2 (en) | 2011-07-13 | 2019-12-24 | Sbb Business Services Ltd. | Computer system and method for conducting auctions over a computer network |
Also Published As
Publication number | Publication date |
---|---|
IL126793A (en) | 2000-10-31 |
ATE207638T1 (en) | 2001-11-15 |
CA2253543C (en) | 2006-05-16 |
AU717594B2 (en) | 2000-03-30 |
WO1997037315A1 (en) | 1997-10-09 |
JP2000503789A (en) | 2000-03-28 |
DE69707668D1 (en) | 2001-11-29 |
CA2253543A1 (en) | 1997-10-09 |
CA2629281C (en) | 2015-05-05 |
AU2338397A (en) | 1997-10-22 |
CA2629281A1 (en) | 1997-10-09 |
DE69707668T2 (en) | 2004-06-17 |
EP0900424B1 (en) | 2001-10-24 |
IL126793A0 (en) | 1999-08-17 |
Similar Documents
Publication | Publication Date | Title |
---|---|---|
US5835896A (en) | Method and system for processing and transmitting electronic auction information | |
EP0900424B1 (en) | Method and system for processing and transmitting electronic auction information | |
US6243691B1 (en) | Method and system for processing and transmitting electronic auction information | |
US7398229B2 (en) | System and method for conducting electronic commerce | |
US8046269B2 (en) | Auction based procurement system | |
US8266032B1 (en) | System and method for an automated sales system with remote negotiation and post-sale verification | |
US20140114791A1 (en) | System and method for encouraging competitive participation in an auction | |
US7272579B1 (en) | Auction based procurement system | |
US20060200403A1 (en) | Method and apparatus for distributing items | |
US20020116320A1 (en) | Real-time competitive method of auction using an auctioneer | |
WO2000021013A1 (en) | Method and apparatus for auctions with automatic matching | |
US20040267624A1 (en) | Novel auction method | |
US7765141B1 (en) | Online auction system facilitating flexible terms commodity trading | |
KR100328142B1 (en) | Method for commercial dealing on internet auction utilizing voluntary shopping mall | |
CA2529148C (en) | Method and system for processing and transmitting electronic auction information |
Legal Events
Date | Code | Title | Description |
---|---|---|---|
PUAI | Public reference made under article 153(3) epc to a published international application that has entered the european phase |
Free format text: ORIGINAL CODE: 0009012 |
|
17P | Request for examination filed |
Effective date: 19990106 |
|
AK | Designated contracting states |
Kind code of ref document: A1 Designated state(s): AT BE CH DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE |
|
17Q | First examination report despatched |
Effective date: 19990315 |
|
GRAG | Despatch of communication of intention to grant |
Free format text: ORIGINAL CODE: EPIDOS AGRA |
|
GRAG | Despatch of communication of intention to grant |
Free format text: ORIGINAL CODE: EPIDOS AGRA |
|
GRAH | Despatch of communication of intention to grant a patent |
Free format text: ORIGINAL CODE: EPIDOS IGRA |
|
GRAH | Despatch of communication of intention to grant a patent |
Free format text: ORIGINAL CODE: EPIDOS IGRA |
|
GRAA | (expected) grant |
Free format text: ORIGINAL CODE: 0009210 |
|
RAP1 | Party data changed (applicant data changed or rights of an application transferred) |
Owner name: EGGHEAD.COM, INC. |
|
AK | Designated contracting states |
Kind code of ref document: B1 Designated state(s): AT BE CH DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE |
|
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: NL Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 Ref country code: LI Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 Ref country code: IT Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT;WARNING: LAPSES OF ITALIAN PATENTS WITH EFFECTIVE DATE BEFORE 2007 MAY HAVE OCCURRED AT ANY TIME BEFORE 2007. THE CORRECT EFFECTIVE DATE MAY BE DIFFERENT FROM THE ONE RECORDED. Effective date: 20011024 Ref country code: FI Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 Ref country code: CH Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 Ref country code: BE Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 Ref country code: AT Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20011024 |
|
REF | Corresponds to: |
Ref document number: 207638 Country of ref document: AT Date of ref document: 20011115 Kind code of ref document: T |
|
REG | Reference to a national code |
Ref country code: CH Ref legal event code: EP |
|
REG | Reference to a national code |
Ref country code: IE Ref legal event code: FG4D |
|
REF | Corresponds to: |
Ref document number: 69707668 Country of ref document: DE Date of ref document: 20011129 |
|
REG | Reference to a national code |
Ref country code: GB Ref legal event code: IF02 |
|
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: SE Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20020124 Ref country code: PT Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20020124 Ref country code: DK Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20020124 |
|
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: GR Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20020125 |
|
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: MC Free format text: LAPSE BECAUSE OF NON-PAYMENT OF DUE FEES Effective date: 20020319 Ref country code: LU Free format text: LAPSE BECAUSE OF NON-PAYMENT OF DUE FEES Effective date: 20020319 Ref country code: IE Free format text: LAPSE BECAUSE OF NON-PAYMENT OF DUE FEES Effective date: 20020319 |
|
NLV1 | Nl: lapsed or annulled due to failure to fulfill the requirements of art. 29p and 29m of the patents act | ||
ET | Fr: translation filed | ||
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: ES Free format text: LAPSE BECAUSE OF FAILURE TO SUBMIT A TRANSLATION OF THE DESCRIPTION OR TO PAY THE FEE WITHIN THE PRESCRIBED TIME-LIMIT Effective date: 20020430 |
|
REG | Reference to a national code |
Ref country code: CH Ref legal event code: PL |
|
PLBE | No opposition filed within time limit |
Free format text: ORIGINAL CODE: 0009261 |
|
STAA | Information on the status of an ep patent application or granted ep patent |
Free format text: STATUS: NO OPPOSITION FILED WITHIN TIME LIMIT |
|
26N | No opposition filed | ||
REG | Reference to a national code |
Ref country code: GB Ref legal event code: 732E |
|
REG | Reference to a national code |
Ref country code: IE Ref legal event code: MM4A |
|
REG | Reference to a national code |
Ref country code: FR Ref legal event code: TP |
|
REG | Reference to a national code |
Ref country code: FR Ref legal event code: PLFP Year of fee payment: 20 |
|
PGFP | Annual fee paid to national office [announced via postgrant information from national office to epo] |
Ref country code: DE Payment date: 20160315 Year of fee payment: 20 |
|
PGFP | Annual fee paid to national office [announced via postgrant information from national office to epo] |
Ref country code: FR Payment date: 20160208 Year of fee payment: 20 Ref country code: GB Payment date: 20160316 Year of fee payment: 20 |
|
REG | Reference to a national code |
Ref country code: DE Ref legal event code: R071 Ref document number: 69707668 Country of ref document: DE |
|
REG | Reference to a national code |
Ref country code: GB Ref legal event code: PE20 Expiry date: 20170318 |
|
PG25 | Lapsed in a contracting state [announced via postgrant information from national office to epo] |
Ref country code: GB Free format text: LAPSE BECAUSE OF EXPIRATION OF PROTECTION Effective date: 20170318 |