Profiling auction assets and/or participants to predict auction outcome
AssigneeAuction.com, LLC
InventorsTodd Gladis, David Stern, Robert Michealis, Sheridan Hitchens, Harshal Dedhia
Life of this patent
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Abstract
A profile of one or more users of the online auction environment is developed. The profile of each user can be based at least in part on historical auction activity of that user. An auction of the online auction environment that is in progress is monitored. A prediction is determined as to whether the auction will be successful based at least in part on the profile of the one or more users that are participating in the auction.
Claims20
A method for conducting an auction in an online auction environment, the method being implemented by one or more processors and comprising:
- developing a profile of one or more users of the online auction environment, the profile of each of the one or more users being based on historical auction activity of that user;
- monitoring an auction of the online auction environment that is in progress;
- determining a prediction of whether the auction will be successful based at least in part on the profile of the one or more users that are participating in the auction.
A method for conducting an auction in an online auction environment, the method being implemented by one or more processors and comprising:
- developing a profile of one or more bidders of an auction provided at the online auction environment, the profile of each bidder being based on historical auction activity of that user;
- determining a reserve price for the auction based at least in part on the profile of one or more bidders that are participating in the auction.
A method for conducting an auction in an online auction environment, the method being implemented by one or more processors and comprising:
- developing a profile of one or more bidders of an auction provided at the online auction environment, the profile of each bidder being based on historical auction activity of that user;
- predicting a transaction price for the auction based at least in part on the profile of one or more bidders that are participating in the auction.
Dependencies are inferred from the claim text.