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Bidding method and system

A bidding and price technology, applied in the field of bidding and system

Pending Publication Date: 2021-06-04
纳伊夫阿尔胡米丹
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] While these auctions are well known and used for a long time, there are various drawbacks that are often used by buyers and sellers to game or take advantage of the auction system.

Method used

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  • Bidding method and system
  • Bidding method and system

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Embodiment Construction

[0014] The disclosed exemplary embodiments provide an improved bidding method for local merchants who list their real estate, auto, etc. profiles for sale or lease, such as on sites such as Craigslist. This method overcomes several common problems that sellers, buyers and intermediaries (websites) often face.

[0015] now refer to figure 1 , depicts the overall architecture of a client-server application system 100 operating in accordance with an exemplary embodiment to implement the described improved bidding method. figure 1 The system depicted in is general in nature and is merely an example of a system on which the improved bidding method can be implemented. In an exemplary embodiment, the system 100 is implemented in a multi-tier or n-tier architecture, with one or more client devices 101 residing on the client tier, one or more client devices 101 residing on the middle or server application tier server 102, and one or more database servers 103 residing in the database ...

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Abstract

A bidding process for selling or renting an item or service to a highest bidder is described. The process includes receiving from an owner a listing for the item or service and displaying the listing to potential bidders. The process also includes setting a price by the owner to the item for which a potential bidder can win the item pending an auction and receiving an acceptance indication from a bidder to the set price. Further, the process includes conducting an auction using the accepted set price as an opening bid among the potential bidders, declaring a highest bidder as winner of the auction, and instructing the owner and the winning bidder to finalize transaction and complete the deal.

Description

[0001] References to related applications [0002] This application claims priority to US Provisional Application No. 62 / 765,666, entitled "IMPROVED BIDDING PROCESS," filed September 6, 2018 by inventor Naif Abdullah Al Humidan. This application also claims priority to US Provisional Application No. 62 / 766,744, filed November 01, 2018, entitled "IMPROVED BIDDING PROCESS," by inventor Naif Abdullah Al Humidan. Both applications are hereby incorporated by reference in their entirety. Background technique [0003] An auction is the process of buying or selling goods or services by quoting prices for them, accepting bids, and then selling the item to the highest bidder. Public incremental auctions are probably the most common auction format in use today. Participants openly bid against each other, with each subsequent bid demanding a higher bid than the previous one. Auctions are mostly related to the sale of antiques, rare collectibles, paintings and expensive wines. Auctions...

Claims

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Application Information

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IPC IPC(8): G06Q30/00G06Q30/08G06Q30/06
CPCG06Q30/06G06Q30/08G06Q20/26G06Q20/407
Inventor 纳伊夫·阿尔胡米丹
Owner 纳伊夫阿尔胡米丹