Invention Grant
- Patent Title: Dynamically determining bid increments for online auctions
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Application No.: US13717656Application Date: 2012-12-17
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Publication No.: US09947041B2Publication Date: 2018-04-17
- Inventor: Robert Friedman
- Applicant: Ten-X, LLC
- Applicant Address: US CA Irvine
- Assignee: Ten-X, LLC
- Current Assignee: Ten-X, LLC
- Current Assignee Address: US CA Irvine
- Agency: Mahamedi IP Law LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06F17/30 ; G06Q30/08

Abstract:
Bidding activity is analyzed over a duration in which multiple bids are received in the auction. A bid increment is dynamically determined for the auction in response to auction activity. An online auction system can utilize the bid increment to determine or suggest the next bid that can be received in the auction for purpose of supplanting the current bid.
Public/Granted literature
- US20140172614A1 DYNAMICALLY DETERMINING BID INCREMENTS FOR ONLINE AUCTIONS Public/Granted day:2014-06-19
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