Inventors:
Marc Alaia - Monroeville PA, US
David Becker - Sewickley PA, US
Anthony Bernard - Wexford PA, US
Daniel Heckmann - Pittsburgh PA, US
Sam Kinney - Clyde Hill WA, US
Glen Meakem - Sewickley PA, US
Vincent Rago - Occidental CA, US
Jason Reneau - Boston MA, US
Frederick Roberts - Pittsburgh PA, US
William Rupp - Mt. Lebanon PA, US
Robert Stevens - Pittsburgh PA, US
International Classification:
G06F017/60
Abstract:
A method and system for conducting electronic auctions is described. Lots in the auction are comprised of line items. Line item guidelines determine how adjustments are made to line item bid values when the value of the lot bid is adjusted. The value of a line item bid cannot be adjusted to exceed the line item bid maximum, or go below the line item bid minimum.