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US Patent 10217161 Dynamically determining bid increments for online auctions

Patent 10217161 was granted and assigned to Ten-X on February, 2019 by the United States Patent and Trademark Office.

Overview Structured Data Issues Contributors

Is a

Patent

Patent attributes

Patent Applicant

Ten-X

Current Assignee

Ten-X

Patent Jurisdiction

United States Patent and Trademark Office

Patent Number

10217161

Date of Patent

February 26, 2019

Patent Application Number

15917534

Date Filed

March 9, 2018

Patent Primary Examiner

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Kathleen Palavencino

Patent abstract

Bidding activity is analyzed over a duration in which multiple bids are received in the auction. A bid increment is dynamically determined for the auction in response to auction activity. An online auction system can utilize the bid increment to determine or suggest the next bid that can be received in the auction for purpose of supplanting the current bid.