Adaptive bidding increments in an online auction system

Details Adaptive bidding increments in an online auction system Adaptive bidding increments in an online auction system

G - Physics

06

Q

G06Q 30/08 (2012.01) H04L 12/16 (2006.01)

Patent

CA 2329281

A system and method is disclosed for the conduct of an online auction in which bidders are able to place bids on lots in the auction by selecting from a plurality of predetermined bid increments provided by the system. The predetermined bid increments provided by the system are adjusted during the auction of a specific lot to adapt to sale conditions and maximize the price obtained at auction.

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