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Method and apparatus for holding a two-stage live auction for on-site and on-line bidders

a live auction and two-stage technology, applied in the field of online live auction format, can solve the problem of limiting the participation in such auctions

Inactive Publication Date: 2013-12-19
EBAY INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The present invention describes a live auction that combines traditional and online auction features. The live auction includes a live, in-person auction and a real-time online bidding environment. The online bidding information is updated to reflect the current bid in the live auction. Bids from online bidders are accepted and the system bids on behalf of the online bidder against live bidders. The technical effect is a more efficient and effective live auction that combines the benefits of traditional and online auctions.

Problems solved by technology

However, geographic barriers, travel costs, and other constraints limit the participation in such auctions.

Method used

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  • Method and apparatus for holding a two-stage live auction for on-site and on-line bidders
  • Method and apparatus for holding a two-stage live auction for on-site and on-line bidders
  • Method and apparatus for holding a two-stage live auction for on-site and on-line bidders

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Embodiment Construction

[0019]A method and apparatus are described for carrying out a live auction that combines various features of traditional and online auctions, thereby enabling real-time online bids in a live, in-person auction. In the following description, for the purposes of explanation, numerous specific details are set forth in order to provide a thorough understanding of the present invention. It will be apparent, however, to one skilled in the art that the present invention may be practiced without some of these specific details. In other instances, well-known structures and devices are shown in block diagram form.

[0020]As will be described in greater detail below, the present invention includes features that seek to enhance the traditional auctioning experience. According to one embodiment, a live auction combines various features of traditional and Internet auctions (also referred to as online auctions). In a first stage of the live auction, prior to a live, in-person auction, online users a...

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Abstract

A method and apparatus are provided for conducting a live auction that combines various features of traditional and online auctions. According to one aspect of the present invention, the live auction includes a live, in-person auction component and a real-time online bidding environment component. Bidding information associated with an item in the online bidding environment is updated to reflect a current bid associated with the item in the live, in-person auction. During the live, in-person auction, a bid is be accepted from an online bidder in the online environment that reflects the online bidder's bid price for the item. Subsequently, the system bids on behalf of the online bidder against other online bidders as well as one or more live bidders that are participating in the live, in-person. As such, the live auction enables real-time online bidding in a live, in-person auction.

Description

RELATED APPLICATIONS[0001]This application is a continuation of U.S. application Ser. No. 12 / 839,259, filed Jul. 19, 2010, which is a continuation of U.S. application Ser. No. 11 / 264,526, filed Nov. 1, 2005, which is a continuation of U.S. application Ser. No. 09,620,809, filed Jul. 21, 2000, which is a Continuation-in-Part of U.S. application Ser. No. 09 / 457,466, filed Dec. 8, 1999, which claims the benefit under 35 U.S.C. 119(e) to U.S. Provisional Application No. 60,111,717, filed Dec. 8, 1998, all of which are incorporated herein by reference in their entirety.COPYRIGHT NOTICE[0002]Contained herein is material that is subject to copyright protection. The copyright owner has no objection to the facsimile reproduction of the patent disclosure by any person as it appears in the Patent and Trademark Office patent files or records, but otherwise reserves all rights to the copyright whatsoever.FIELD OF THE INVENTION[0003]The invention relates generally to the fields of auctioning and ...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q30/08
CPCG06Q30/08
Inventor LEVY, DANIELEHANDLER, BRADLEY A.
Owner EBAY INC