WO2001037153A1 - Systeme et procede d'execution de ventes aux encheres en ligne - Google Patents

Systeme et procede d'execution de ventes aux encheres en ligne Download PDF

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Publication number
WO2001037153A1
WO2001037153A1 PCT/IL2000/000725 IL0000725W WO0137153A1 WO 2001037153 A1 WO2001037153 A1 WO 2001037153A1 IL 0000725 W IL0000725 W IL 0000725W WO 0137153 A1 WO0137153 A1 WO 0137153A1
Authority
WO
WIPO (PCT)
Prior art keywords
product
auctioned
bid
bids
database server
Prior art date
Application number
PCT/IL2000/000725
Other languages
English (en)
Inventor
Yair Shemesh
Original Assignee
Olsale.Com Ltd.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Olsale.Com Ltd. filed Critical Olsale.Com Ltd.
Priority to KR1020027005202A priority Critical patent/KR20020057978A/ko
Priority to JP2001539174A priority patent/JP2003515223A/ja
Priority to AU11740/01A priority patent/AU1174001A/en
Priority to CA002391970A priority patent/CA2391970A1/fr
Priority to EP00973203A priority patent/EP1232457A4/fr
Publication of WO2001037153A1 publication Critical patent/WO2001037153A1/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions

Definitions

  • the present invention relates to a system and method for conducting on-line auctions of products and, more particularly, to an on-line auction system and method which enables bidders to bid and track, in real-time, an auction which is conducted for a short period of time and in which the quantity of the product auctioned changes according to the number of bidders participating in the auction.
  • auctions provide a unique and exciting product purchasing environment. In the past, auctions were exclusively devoted to the sale of valuable products such as fine art, collectibles and luxury items. Thus, participation in these auctions was reserved for the extremely wealthy.
  • auctions have become available to the general public. For example, the use of television to auction items is described in an article entitled “Auctions Become High Tech", Dealer Business, Mar. 1995 V29 N7.
  • the article describes an auction system in which an auction company sends a signal via satellite to the televisions of individual car dealers. The dealers view the car for sale on their televisions and bid on the car using a telephone or a remote terminal.
  • on-line auctions enable individuals to bid on a plethora of products typically ranging in price from several dollars to several thousand dollars or more.
  • on-line auctions are now being conducted over the Internet, either through electronic mail based bidding or web page based bidding.
  • electronic mail bidding is described in an article entitled “Cathay Pacific Airways-USA to Hold First Ever Internet CyberAuction" Business Wire, Sep. 26, 1995 p926-1084. This article describes how registered bidders can bid for airline tickets by submitting concealed bids through the electronic mail over a two week bidding session. The fifty highest bidders at the close of the bidding session receive an electronic mail message instructing them on how to purchase tickets.
  • bidders cannot access or view the actual biding process but are typically periodically informed of the status of an auction either by electronic mail or web site updates.
  • on-line auctions are oftentimes conducted over an extended time period, bidders spend a considerable amount of time tracking the status of their bid.
  • On-line auctions are typically of the ascending-bid variety, bidders submit bids in real time dynamic process until no more bids are forthcoming. In such a format, each bidder is able to view information on other bids and as the auction progresses incorporate this information into subsequent bids thereof.
  • a system for conducting on-line auctions of products comprising (a) a database server system being for storing and providing on demand, information pertaining to a plurality of products to be auctioned, the database server system further being for receiving a number of bids on a product of the plurality of products when the product is auctioned, the number of the bids received being for determining a quantity of the product auctioned; and (b) a plurality of user clients each being operable by a specific user and each being for establishing communication with the database server system, each of the plurality of user clients being for receiving from the database server system information pertaining to the product auctioned and for relaying to the database server system a bid on the product auctioned.
  • a method of conducting an on-line auction comprising the steps of (a) providing, via a communication network, information pertaining to a product auctioned; (b) receiving ascending bids from bidders for the product; (c) correlating a quantity of the product auctioned to a number of the bidders; and (d) declaring at least one winning bid of the ascending bids, the at least one winning bid being determined according to a bid amount and further according to the quantity of the product auctioned.
  • the step of providing, via a communication network, information pertaining to a product auctioned is effected by a demand of the bidders.
  • the amount of the winning bid of the ascending bids is higher than an amount of a reserved bid for the product.
  • the amount of the reserved bid changes as a function of bid amounts of at least two bids of the number of bids and the number of bids received by database server system.
  • the information pertaining to the product auctioned includes an acceptable bid amount for the product.
  • the information pertaining to the products auctioned includes a reserved bid amount, the reserved bid amount changes as a function of bid amounts of at least two bids of the number of bids and the number of bids received by database server system.
  • the acceptable bid amount is a starting bid amount.
  • the acceptable bid amount is higher than a highest bid amount received by the database server system.
  • the information pertaining to the product auctioned includes information selected from the group consisting of a description of the product, a suggested retail price of the product, a quantity auctioned of the product, a time remaining to bid and a number of bids accepted for the product.
  • the communication between each of the user clients and the database server system is established and maintained through a mode selected from the group consisting of a dialup connection mode and a local area network connection mode.
  • the database server system is a part of the World Wide Web and further wherein the information pertaining to the plurality of products to be auctioned is included within a web site.
  • the user client operates a web browser.
  • the database server system receives bids for the product auctioned for a time period selected from within a range of 10 minutes to 120 minutes.
  • at least one winning bid is determined according to a bid amount and further according to the quantity of the product auctioned.
  • the database server system stores information relating to each specific user thereof.
  • the information includes information provided by the specific user. According to still further features in the described preferred embodiments, the information includes information collected on the specific user by the database system, which information relates to a profile of the user.
  • the present invention successfully addresses the shortcomings of the presently known configurations by providing a system and method capable of conducting an auction for a product while allowing users real-time access to the auction process, thereby mimicking live auctions in which the participants actively take part in the auction process, yet providing bidders with advantages gained from the ability to remotely participate in the auction process and to receive a vast amount of information, in electronic form, pertaining to auctioned products.
  • FIG. 1 is a black box diagram of a system for conducting on-line auctions according to the present invention.
  • the present invention is of a system and method which can be used to conduct an on-line auction. Specifically, the present invention can be used to conduct an on-line auction in which bidders can track, in real-time, the auction and in which the quantity of a product auctioned changes according to- the number of bidders participating in the auction.
  • Figure 1 illustrates the system for conducting on-line auctions of products according to the present invention which is referred to hereinunder as system 10.
  • System 10 includes a database server system 12.
  • Database server system 12 serves for storing and providing, on demand, information pertaining to a plurality of products to be auctioned.
  • Database server system 12 also serves for receiving any number of bids on a product which is currently auctioned.
  • Database server system 12 is configured such that the number of bids and/or the amount of each bid received thereby serves to determine a quantity of the product currently auctioned.
  • database server system 12 includes a processing unit 13 which serves to process the information received such that some of the information provided is constantly updated.
  • System 10 further includes a plurality of user clients 14. Each of user clients 14 is capable of establishing communication with database server system 12 through either a dialup connection or a local area network (as indicated by 15).
  • the phrase "user client” includes, but is not limited to, personal computers (PC) having an operating system such as DOS, Windows 1- , OS/2 7 ' or Linux; Macintosh 1" ' computers; computers having JAVA T -OS as the operating system; and graphical workstations such as the computers of Sun Microsystems 1 ' and Silicon Graphics 7 , and other computers having some version of the UNIX operating system such as AIX T ' or SOLARIS 71 of Sun Microsystems 7 ; a PalmPilot 7 ', a PilotPC 71 , Nokia Communicator 7 or any other handheld device; or any other known and available operating system.
  • the term further includes mobile cellular telephone devices and mobile cellular communicator devices having, in addition to telephone properties, capabilities similar to those of a personal computer (PC) or a personal digital assistant (PDA).
  • Windows 7 includes but is not limited to
  • User client 14 serves for receiving information from server system 12 and for relaying user provided information to server system 12.
  • the information received by client 14 includes information pertaining to products stored in server system 12, such as, for example, product description, auction times for each product, initial quantity of the product offered when auctioned, suggested retail price and the like.
  • information received by client 14 includes information specific to each product currently auctioned. Such information includes acceptable bid amount which can depend for example, on a current highest bid amount, and a reserved bid amount, which must be surpassed by a bidder in order for that bidder to be eligible to purchase the product auctioned.
  • this information also includes time remaining to bid, minimal amount of next acceptable bid, quantity of the product offered, and the like.
  • a user operating client 14 can decide if to bid or not according to, for example, the current highest bid amount information, time remaining to bid information, and quantity of product information. It will be appreciated that when a bid placed by a user using client 14 is accepted by server system 12 the information providable from server system 12 to a user on a product auctioned is immediately updated.
  • client 14 can also serve to provide server system 12 with user specific information which is preferably stored within server system 12.
  • user specific information can include personal registration information, such as personal identification and password, which enables a user to access the information provided by server system 12, and billing information which can be used to bill a user which has placed a winning bid and as such is now eligible to purchase the product auctioned.
  • Such information can also include a user personal profile information including, for example, products most preferred by a user and the like. It will be appreciated that the personal profile information of a user can be used to notify such a user of upcoming auctions of interest.
  • statistical data compiled and extracted from the personal profiles of numerous users can be used to provide products which are in demand by the users.
  • any or all of the above information providable to client 14 by server system 12 can be displayed by client 14 in a textual, graphical (image or video) or audio format.
  • the information provided by the user via user client 14 can also be provided in such formats.
  • the bids are accepted in an ascending order wherein a bid accepted by server system 12 must be higher than a previously accepted highest bid.
  • information pertaining to a product currently auctioned includes a minimum bid amount acceptable.
  • a first bid accepted must be equal to or higher than a minimum starting bid which is predetermined for each product auctioned.
  • a specific user can raise the amount of a bid placed thereby at any point during the auction.
  • a user which has been outbided by a bidder or bidders can update his or her bid to an amount which is higher than the current highest bid.
  • a starting bid can be lower than a reserved bid set for a product, however, if upon termination of an auction the highest bid is below the reserved bid, then none of the bidder are eligible to purchase the product auctioned.
  • a reserved bid amount can change according to the number of users participating in the auction. For example, if a plurality of users are bidding on a product, the reserved bid can change according to the number of users and the amount of bids placed thereby. Thus according to the present invention, if a large number of users are bidding the reserved bid is lowered so as to enable bidders to surpass the reserved bid amount. If, in this case a reserved bid is surpassed, then the quantity of the product offered is increased. The added product(s) is then auctioned at a reserved bid amount equal to the reserved bid amount determined by the previous auction. According to another preferred embodiment of the present invention an auction is typically conducted for a time period of anywhere between 10 minutes and 120 minutes. This feature of the present invention is distinctly different than that of prior art on-line auction in which an auction typically lasts hours to days.
  • conducting relatively short auction session is advantageous to both the user and operator of system 10 because it enables the operator to conduct more auctions in a given time period, while enabling the user to follow an entire bidding process of an auction, in real-time, and as such track bidding events, so as to be able to react, in real time, to any of these events. It will further be appreciated that in order to conduct relatively short bidding sessions, the users of an on-line auction system must be able to view and interact with the auction process in real time. This feature is only provided by the system of the present invention and as such short auction sessions can only be implemented by the system of the present invention.
  • database server system 12 is connected to the World Wide Web.
  • server system 12 can be provided to a user via a web site interface.
  • client 14 is preferably a personal computer operating a web browser program, such as, for example, Netscape Communicator 7 ', Internet Explorer 7 ', Opera 7 ', iCab TI , Mosaic 71 , and the like.
  • a user of system 10 can interactively access the information provided by server system 12 via a web site, such that information provided by the user can be communicated to server system 12 via the web site.
  • server system 12 and a user operated web browser via a web site can be, for example, provided through common gateway interface (CGI).
  • CGI common gateway interface
  • server system 12 can be ported to the World Wide Web via a web site interface in a manner which allows users to dynamically interact with the information.
  • the utilization of CGI scripts for such purposes is well known in the art of computers and as such no further detail is included herein.
  • a web site which forms the interface for server system 12 includes a plurality of web pages each of which displays a portion of the information providable by server system 12.
  • a specific web page of the web site can include information on all the products to be auctioned including manufacturers description starting bid auction times and the like.
  • Another web page can display an auction or auctions which are currently active including information of the status of bidding and the like.
  • a user can access the information provided by the various web pages by simply browsing through these web pages of the web site.
  • web pages which include information on, for example, the current status of bidding are only accessible to registered users of system 10 or to registered users who have placed a bid or intend to bid.
  • the information pertaining to, for example, products to be auctioned is accessible by the general public while auction specific information is accessible only to the registered users of system 10. This allows individuals unfamiliar with system 10 to get descriptive information on system 10 and to also register if they wish to bid on current or future auction products.
  • user client 14 can operate a dedicated software program and which is configured for communicating solely with server system 12. Such communication can be supported by, for example, hyper text transfer protocol (HTTP) or file transfer protocol (FTP) communication, or any other suitable communication protocol.
  • HTTP hyper text transfer protocol
  • FTP file transfer protocol
  • this embodiment of client 14 functions similarly to a web browser program.
  • System 10 is used to conduct an auction as follows. Once an auction for a specific product of a specified quantity commences users are allowed to place bids on the product. Users placing bids on this product are listed by server system 12, which list is viewable by registered users participating or wishing to participate in the bidding process. Such a list can include a portion or all of the bids accepted displayed, for example, in a table format or any other format, or alternatively, only the highest current bid is displayed. A registered user using, for example, a web browser program can then place a bid by, for example, selecting, for example, a "place bid" button provided on a web page, which when selected, places a bid for that user.
  • a newly placed bid is higher than a current highest bid by a an amount predetermined by system 10. Following acceptance of the bid, the list is automatically updated indicating a new highest bid.
  • server system 12 tracks the number of users placing bids so as to change the quantity of the product auctioned, accordingly. It will be appreciated that this novel feature of system 10 of the present invention is advantageous to both the user and operator of system 10. For example, by auctioning more than a single product, say for example five products, users which have placed bids lower than the highest bid of the auction but higher than a reserved bid amount for that product also have a chance of winning. At the end of a bidding session, winning bids are determined and the users which have placed the winning bids are notified, by, for example, an electronic mail message. Thereafter, these users are billed either directly, by using the billing information included in each user's personal profile information, or indirectly, by having each of the users provide billing information.
  • the present invention there is provided a system and method for conducting on-line auctions which system and method provide both the operator and the user with several distinct advantages over prior art on-line auctioning systems and methods.
  • the present invention mimics live auctions in which the participants actively take part in the auction process, yet provides bidders with advantages gained from being able to remotely participate in the auction process and being able to receive a vast amount of information, in electronic form, pertaining to auctioned products.

Abstract

La présente invention concerne un système d'exécution de ventes aux enchères de produits en ligne. Ce système comprend un serveur de base de données (10) permettant de stocker et de fournir sur demande des informations relatives à un certain nombre de produits mis aux enchères. Le système serveur de base de données reçoit un certain nombre d'offres sur un produit parmi la liste de produits lorsque ce produit est mis aux enchères; le nombre d'offres reçues permettant de déterminer la quantité de produits mis aux enchères. En outre, ce système comprend un groupe de plusieurs clients utilisateurs fonctionnant chacun par un utilisateur spécifique et permettant chacun d'établir une communication avec le système serveur de base de données, chacun des clients utilisateurs recevant du système serveur de base de données des informations relatives aux produits mis aux enchères et transmettant au système serveur de base de données une offre pour le produit mis aux enchères.
PCT/IL2000/000725 1999-11-15 2000-11-06 Systeme et procede d'execution de ventes aux encheres en ligne WO2001037153A1 (fr)

Priority Applications (5)

Application Number Priority Date Filing Date Title
KR1020027005202A KR20020057978A (ko) 1999-11-15 2000-11-06 온라인 경매시스템 및 방법
JP2001539174A JP2003515223A (ja) 1999-11-15 2000-11-06 オンライン・オークションを行うためのシステム及び方法
AU11740/01A AU1174001A (en) 1999-11-15 2000-11-06 System for and method of conducting on-line auctions
CA002391970A CA2391970A1 (fr) 1999-11-15 2000-11-06 Systeme et procede d'execution de ventes aux encheres en ligne
EP00973203A EP1232457A4 (fr) 1999-11-15 2000-11-06 Systeme et procede d'execution de ventes aux encheres en ligne

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
IL132946 1999-11-15
IL13294699A IL132946A (en) 1999-11-15 1999-11-15 System for and method of conducting on-line auctions

Publications (1)

Publication Number Publication Date
WO2001037153A1 true WO2001037153A1 (fr) 2001-05-25

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Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IL2000/000725 WO2001037153A1 (fr) 1999-11-15 2000-11-06 Systeme et procede d'execution de ventes aux encheres en ligne

Country Status (8)

Country Link
EP (1) EP1232457A4 (fr)
JP (1) JP2003515223A (fr)
KR (1) KR20020057978A (fr)
AU (1) AU1174001A (fr)
CA (1) CA2391970A1 (fr)
IL (1) IL132946A (fr)
WO (1) WO2001037153A1 (fr)
ZA (1) ZA200202927B (fr)

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7792701B2 (en) 2004-02-13 2010-09-07 International Business Machines Corporation Method and computer program product for providing accessibility services on demand

Families Citing this family (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
JP5265507B2 (ja) * 2009-12-17 2013-08-14 楽天株式会社 商取引処理装置、出品条件判定処理方法、及び出品条件判定処理プログラム
KR101103381B1 (ko) * 2010-02-17 2012-01-06 (주)에마텍 영구자석과 스프링을 이용한 조작기 및 그것을 구비하는 구동 장치
KR200458020Y1 (ko) * 2010-03-10 2012-01-16 성기영 가동자 요소의 결합 구조가 향상된 조작기 및 이를 구비하는 구동 장치
KR200458019Y1 (ko) * 2010-03-10 2012-01-16 성기영 자속 손실을 최소화한 조작기 및 그것을 구비하는 구동 장치

Citations (2)

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Publication number Priority date Publication date Assignee Title
US5890138A (en) * 1996-08-26 1999-03-30 Bid.Com International Inc. Computer auction system
US5924082A (en) * 1994-08-17 1999-07-13 Geneva Branch Of Reuters Transaction Services Limited Negotiated matching system

Patent Citations (2)

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Publication number Priority date Publication date Assignee Title
US5924082A (en) * 1994-08-17 1999-07-13 Geneva Branch Of Reuters Transaction Services Limited Negotiated matching system
US5890138A (en) * 1996-08-26 1999-03-30 Bid.Com International Inc. Computer auction system

Non-Patent Citations (1)

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Title
See also references of EP1232457A4 *

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7792701B2 (en) 2004-02-13 2010-09-07 International Business Machines Corporation Method and computer program product for providing accessibility services on demand

Also Published As

Publication number Publication date
ZA200202927B (en) 2003-01-29
JP2003515223A (ja) 2003-04-22
AU1174001A (en) 2001-05-30
IL132946A (en) 2005-11-20
IL132946A0 (en) 2001-03-19
KR20020057978A (ko) 2002-07-12
EP1232457A1 (fr) 2002-08-21
CA2391970A1 (fr) 2001-05-25
EP1232457A4 (fr) 2003-03-05

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