System and method for selecting personalities to facilitate the completion of an online auction
AssigneeAuction.com, LLC
InventorRobert Friedman
Life of this patent
Estimating the term…
Abstract
A method and system for progressing an auction is provided. Examples include an auction analysis component configured to analyze an auction forum for auctions that are likely to complete without a reserve price being met (i.e., triggered auctions), and a personality selection component configured to select a personality capable of facilitating the progression of a triggered auction.
Claims20
A computer-implemented method for completing a live auction in an auction forum, the method performed by one or more processors and comprising:
- determining one or more characteristics of the auction, the auction having a reserve price for an item set by a seller which has not been met by a current highest bid;
- determining one or more characteristics that are indicative predictors that the auction will complete without the reserve price being met;
- and
- in response to predicting that the auction will complete without the reserve price being met, selecting one or more personalities to coach the seller and/or one or more auction participants to complete the auction.
A system for completing one or more auctions comprising:
- one or more processors;
- and
- a memory resource storing instructions for completing an auction in progress that, when executed by the one or more processors, cause the one or more processors to:
- determine one or more characteristics of the auction, the auction having a reserve price for an item set by a seller which has not been met by a current highest bid;
- predict, based on the one or more characteristics, whether the auction will complete without the reserve price being met;
- and
- in response to predicting that the auction will complete without the reserve price being met, select one or more personalities to coach the seller and/or one or more auction participants to complete the auction.
A non-transitory computer-readable medium storing instructions for completing an auction that, when executed by one or more processors, causes the one or more processors to:
- determine one or more characteristics of the auction, the auction having a reserve price for an item set by a seller which has not been met by a current highest bid;
- predict, based on the one or more characteristics, whether the auction will complete without the reserve price being met;
- and
- in response to predicting that the auction will complete without the reserve price being met, select one or more personalities to coach the seller and/or one or more auction participants to complete the auction.
Dependencies are inferred from the claim text.