Invention Grant
- Patent Title: Method and system for an auction based on reducing BID
- Patent Title (中): 基于减少BID的拍卖方法和系统
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Application No.: US11550889Application Date: 2006-10-19
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Publication No.: US07853484B2Publication Date: 2010-12-14
- Inventor: Jeff Yang , Wen-Hui Kuo
- Applicant: Jeff Yang , Wen-Hui Kuo
- Priority: TW94136901A 20051021
- Main IPC: G06Q30/00
- IPC: G06Q30/00

Abstract:
The present invention provides an auction method and system, that is, a seller proposes an expected selling price of an item in a tender offered by the seller and the item is announced and bid on the auction system provided by the manager of auction system, and a end time and a number of bids are set. Many buyers make bids by haggling the price down and a certain tendered bid with every bid is paid, and a bid-winner is a buyer who makes a “lowest price” and “only one” bid when the tender is concluded. The bid-winner is satisfied by buying the item at a low price, the selling price of the item offered by the seller and a commission of the auction system manager are obtained from total tendered bids of total bids and a bidding price by the bid-winner to satisfy three parties, such as the bid-winner, seller and auction system manager.
Public/Granted literature
- US20070094123A1 METHOD AND SYSTEM FOR AN AUCTION BASED ON REDUCING BID Public/Granted day:2007-04-26
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