Is a
Patent attributes
Patent Jurisdiction
Patent Number
Date of Patent
July 13, 2010
Patent Application Number
11006823
Date Filed
December 8, 2004
Patent Primary Examiner
Patent abstract
The present invention provides a method of and apparatus for setting a selling price of each of a plurality of items to be subsequently offered for sale to a plurality of prospective purchasers, the method including: accepting a plurality of expressions of interest in the items, each of the expressions of interest nominating at least a number of the items and an offer price; then determining a moving price from a plurality of factors including at least the plurality of nominated numbers of items and offer prices; then issuing the moving price on demand to the prospective purchasers; repeating the above steps; and then establishing the selling price based on the moving price and issuing the selling price.
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