US 8,429,055 B1 · Method for internet bidding

Abstract

A method of Internet bidding wherein a plurality of bidders bid on the item in a first episode of bidding until a deadline occurs. Within a time frame at the deadline, actual bidders from the plurality of bidders are identified and are displayed in a second continued episode of bidding. The time frame is such to identify serious bidders near the deadline and to compensate for Internet communication delays. The second episode of continued bidding is a bidding war among the identified bidders. In a first embodiment, bidding rounds, TBID, occur wherein the current high bidder's bid is displayed and the other identified bidders bid against it. In a second embodiment, bidding continues among the identified bidders with the current high bid being displayed. If a predetermined wait time elapses after the last bid, then an enticement multimedia announcement is made to entice further bidding such as: GOING, GOING, GONE!

Claims9

Dependent claims

The method for placing on-line bids over the Internet during an auction of an item, in an Internet auction said method comprising:

entering, during the Internet auction, over the Internet at least one future time, from a bidder, for placing a bid for the item before the auction deadline,
entering over the Internet a bid amount for the item from the bidder to be placed at each at least one entered future time before the auction deadline,
placing the bid for the item at the entered bid amount when each at least one entered future time occurs.

Dependencies are inferred from the claim text.

Method for internet bidding

Life of this patent

Method for internet bidding

Life of this patent

Abstract

Claims9