G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 30/08 (2012.01) H04L 12/16 (2006.01)
Patent
CA 2528781
The auction is carried out over the Internet in which the computers of potential bidders are used to access a web server. The server displays on the bidders' computers a description of an article to be auctioned and a table in association with the description. The table sets out consecutive intervals of time which run from a predetermined starting time and terminate at a predetermined later ending time. A price which diminishes in increments from the starting time to the ending time is also set out in the table. The server responds to entry of a bid by correlating the time of entry of the bid to the price associated with the time interval in which the time of entry of the bid occurs. The server records the price associated with the time of entry of the bid and the identity of the bidder. The server can also respond to a forward bid by recording the price bid and determining the time interval associated with the price. On the date in which the time interval occurs, the server records the price bid and the identity of the bidder. The server can also respond to a bid, whether forward or one to take effect immediately, where the amount bid is not shown on the table. Should the seller make the article available for inspection, a tag which displays the table is attached to the article.
Gram Reginald Henry
Wilbur James T.
LandOfFree
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