Method and apparatus for auctioning items
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Dec 11, 2012
Issued Date -
N/A
app pub date -
Apr 28, 2000
filing date -
Apr 28, 2000
priority date (Note) -
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Abstract
An electronic auction system which Includes a Central Auction Controller (CAC) that allows sellers to list items for auction and users to enter bids and rank srdorings Is disclosed. The CAC maintains a central database comprising a database of user information, a database of Items and bids and a database of vendor information. Administration of the system is accomplished via an I/O device and CPU and an optional e-mail processor allows automated messaging to users. This methodology allows users to effectively bid on a large number of mutually exclusive items but receive at most one item at the end of the auction.
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