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US 2004/0205013 A1Published application
System and method for conducting an on-line auction
OwnerCedric G. DeLaCruzinventor
Life of this patent
Estimating the term…
Abstract
A system and method for conducting an on-line auction where the winner of the auction is not necessarily the highest bidder since the bids may be adjusted based on the bidders prior auction history or feedback.
Claims20
A method comprising:
- receiving information for an item to be listed for an auction;
- receiving bids from a plurality of bidders for the listed item, one or more of the plurality of bidders having established feedback ratings;
- and
- determining a winner for the auction, wherein the winner is determined based at least in part on each bidder's feedback.
1 more element
A method comprising:
- receiving bids from a plurality of bidders for an auction;
- adjusting each bid based on each bidder's user profile entries;
- and
- determining a winner for the auction based on the adjusted bids.
1 more element
A method of conducting an on-line auction comprising:
- receiving a bid value from at least one bidder for the on-line auction, the bidder being identified by feedback provided from at least one previous auction participated in by the bidder, wherein a bidder not having participated in a previous auction has no feedback;
- and
- adjusting the bid value received based at least in part on any available feedback provided from the previous auction for the bidder, wherein if there is more than one bidder the bid value for a bidder with good feedback is adjusted relatively higher while the bid value for a bidder with negative feedback is adjusted relatively lower, the bid value not being adjusted if there is only one bidder for the on-line auction.
Dependencies are inferred from the claim text.