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Managing and linking Web auction bids

IP.com Disclosure Number: IPCOM000147431D
Original Publication Date: 2007-Mar-15
Included in the Prior Art Database: 2007-Mar-15
Document File: 2 page(s) / 38K

Publishing Venue

IBM

Abstract

On-line auction sites are extremely popular. Often the same item is placed for auction by several sellers. Buyers or bidders who usually want a specific item very often place a bid for similar or identical items that have been listed for auction by multiple sellers. Often, this can result in the bidder winning multiple auctions for the item, when the bidder only wanted to buy one of the items. Alternatively, some bidders will wait until the first auction ends before entering into the second auction on the same item. This results in extra work and bidding delay for the bidder. In addition, this could lead to less bidding for the second auction which is frustrating for the bidder who merely wants to obtain one copy of the item, and the best possible selling price. To solve these problems, described is a method that allows bidders to link their bids for an auctioned item using rules to other auctions of similar items.

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Managing and linking Web auction bids

The core idea is to provide a feature within a Web auction that would allow bidders to create a set of bidding rules that link several similar auctions. The rules could link the bidder's preferred item to other items that are currently up for auction. Should the bidder fail to secure the first item at the maximum bid price that he had set, the rules would transfer his bidding to the linked item up for auction. The workflow would provide the necessary rules to manage the linking of the items. In addition, this item linking could continue indefinitely.

The following steps describe this disclosure in more detail:
The bidder selects the item that is up for auction that he really wants.


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an item.

In the scenario below a buyer wishes to acquire an MP3 player. He likes an Apple iPod* he sees but is also interested in the SanDisk Sansa** player he sees. The two auctions are close together so he links them and chooses to place a bid on the iPod with a max bid, and should this max bid price be exceeded he will place a bid on the Sansa player.

The flow chart below describes the process that the user has defined. This is a simple case.

1

He then sets links to other auctions for similar items.

These follow on auction bidding actions could be based on time or other business

rules. He also creates the specifi...