Auction price guidance
AssigneeeBay Inc.
InventorsHarita Yenisetty, Prashanth Patlolla, Bhavani Kumar Hari, Gayathri Ravichandran Geetha
Life of this patent
Estimating the term…
Abstract
In various example embodiments, a system and method for providing price guidance for sellers and buyers are presented. The system receives a present item listing and accesses a set of historical item listings. The system generates a price guidance model for the present item listing and generates a set of prices for the present item based on the price guidance model. The system then causes presentation of the set of process on a client device.
Claims20
A method comprising:
- receiving a present item listing indicative of a present item, the present item listing including a set of characteristics describing the present item;
- accessing, by at least one processor of a machine, a set of historical item listings stored in computer memory, each historical item listing of the set of historical item listings associated with a set of historical characteristics;
- determining a set of factors that describe aspects associated with the present item;
- based at least in part on the set of historical characteristics of the set of historical item listings and the set of factors, generating a set of prices for the present item;
- and
- in response to the generating of the set of prices, causing presentation, on a client device, of at least the set of prices of the present item.
A computer system comprising:
- one or more processors;
- and
- one or more machine-readable mediums storing computer instructions that, when used by the one or more processors, cause the one or more processors to perform a method, the method comprising:
- receiving a present item listing indicative of a present item, the present item listing including a set of characteristics describing the present item;
- accessing a set of historical item listings, each historical item listing of the set of historical item listings associated with a category and a set of historical characteristics;
- based at least in part on the set of characteristics describing the present item and the set of historical characteristics, determining a similarity between the present item listing and one or more historical item listings of the set of historical item listings;
- based at least in part on the similarity between the present item listing and the one or more historical item listings, generating a set of prices for the present item;
- and
- in response to the generating of the set of prices, causing presentation, on a client device, of at least the set of prices of the present item.
A non-transitory machine-readable storage medium comprising processor executable instructions that, when executed by a processor of a machine, cause the machine to perform operations comprising:
- receiving a present item listing indicative of a present item, the present item listing including a set of characteristics describing the present item;
- accessing a set of historical item listings, each historical item listing of the set of historical item listings associated with:
- a category, a set of historical characteristics, and a set of bid velocity data, the set of bid velocity data being indicative of bid values and temporal relationships among the bids placed for each historical item listing;
- based on the set of historical item listings and the set of bid velocity data for the set of historical item listings, determining a similarity between the present item listing and one or more historical item listings of the set of historical item listings;
- accessing bid velocity data of the set of bid velocity data for the one or more historical item listings determined to be similar to the present item;
- determining a set of bid ranges among the bid velocity data, the set of bid ranges having a bid velocity exceeding a velocity threshold;
- and
- based on the determining of the set of bid ranges, generating a set of prices for the present item.
Dependencies are inferred from the claim text.