Patent ID: 8108265
Filing Date: 2012-01-31
Classification: G06Q,H04L,H04W

Abstract:
1. A method of auctioning one or more items directly to purchasers from a retail store, comprising: locating products eligible to be auctioned, scanning a product code of each said product with a scanning device, said scanning producing auctionable product data and auctionable product location data; transmitting said auctionable product data through a wireless communication network to a logic engine; sorting said products into at least one bundled lot for sale in a direct-to-consumer auction; producing a unique identifier for each said bundled lot, said unique identifier having machine readable indicium; and communicating the unique identifier of the at least one bundled lot and the auctionable product date of the products associated with each of the at least one bundled lot to an auctioneer for initiation of the direct-to-consumer auction for the auctioning of each said bundled lot directly to a group of bidders, wherein a purchaser of each of the at least one bundled lot is selected from the group of bidders consisting of a highest bidder in said auction and a best bidder in said auction.