Patent ID: 7152043
Filing Date: 2006-12-19
Classification: G06Q

Abstract:
1. A computer-implemented method comprising: presenting, over a communications network, a first lot and a second lot to a plurality of bidders in a multi-lot electronic auction between an originator and the plurality of bidders, wherein a closing time of the first lot precedes a closing time of the second lot; receiving, over the communications network, bids of the plurality of bidders for the first lot; extending a closing time of the first lot by an incremental amount of time upon an occurrence of an overtime trigger; and if the difference in time between the extended closing time of the first lot precedes a closing time of the second lot by less than a minimum time interval, extending the closing time of the second lot by the incremental amount of time, the minimum time interval and the incremental amount of time being stored in memory.