Patent ID: 7774264
Filing Date: 2010-08-10
Classification: G06Q

Abstract:
1. A method for conducting an auction of a plurality of types of items among a plurality of users implemented on a computer system comprising an auction computer and at least one user computer located remotely from said auction computer, at least one of said types of items including plural instances of items subject to said auction, the method comprising: a) transmitting information from said auction computer to at least one user computer, said information including at least current proposed prices for each of the types of items; b) receiving for processing at said auction computer bid information from users, said bid information including one or more bids, at least one of the bids comprising a set identification S c) determining, in response to the bid information, whether the auction should continue or terminate; d) transmitting a message to at least one user computer indicating that the auction will continue, in relation to a determination to continue the auction, said message including an updated current proposed price for at least one of the types of items; and e) selecting bids, in relation to a determination to terminate the auction, so that the sets S