Patent ID: 8266009
Filing Date: 2012-09-11
Classification: G06Q

Abstract:
1. A method facilitating the configuration of one or more parameters associated with an auction for an item, the method comprising: receiving, by one or more computing devices each comprising a processor, a memory and computer-program code stored in a computer-readable medium, historical auction data characterizing a plurality of completed auctions for an item of interest, the historical auction data comprising bid histories for each of the plurality of completed auctions; determining, by the one or more computing devices, based on analysis of respective bid histories, a weighting value for each of the completed auctions characterizing the relevance of each completed auction to the computation of at least one suggested auction parameter for a contemplated auction for the item of interest, wherein the determining step for each of the completed auctions comprises: analyzing, by the one or more computing devices, the historical auction data, based in part on the determined weighting values of each of the completed auctions; computing at least one suggested auction parameter, wherein contributions of the completed auctions to computation of the at least one suggested auction parameter is based on the weighting values of each of the completed auctions; and generating, by the one or more computing devices, a report including the at least one suggested auction parameter for the contemplated auction for the item of interest.