SELECTIVELY LINKING AUCTIONS TO END AT THE SAME TIME
An auction forum in which multiple auctions are selected to end at a common end time based on a determination that the selected auctions are likely to interest a common set of prospective bidders.
1 . A method for conducting an auction forum, the method being implemented by one or more processors and comprising:
(a) programmatically analyzing a database of items to be auctioned in order to determine that a set of multiple items are likely to be of interest to a common set of prospective buyers;
(b) linking the set of multiple items to be auctioned so that an auction for each item in the set of multiple items has a common end time; and
(c) conducting the auction for each item in the set of multiple items so that the auctions all end at the common time.
2 . The method of claim 1 , wherein (a) includes identifying items by a type and by a locality.
3 . The method of claim 2 , wherein the type corresponds to a type of real property, and wherein the locality can include a geographic region.
4 . The method of claim 1 , wherein (a) includes identifying items by a type and by an expected sale price or a reserve price.
5 . The method of claim 1 , wherein the items in the set of multiple items are provided by different sellers.
6 . A method for conducting an auction forum, the method being implemented by one or more processors and comprising:
linking a set of multiple items that are being auctioned or scheduled to be auctioned by different sellers wherein a first auction for one of the items in the set of multiple items is initiated at a different start time than a second auction for another item in the set of multiple items; and
synchronizing a common end time for each auction of an item in the set of multiple items such that each auction stops accepting new bids at the common end time.
7 . The method of claim 6 , wherein linking the set of multiple items includes linking at least one of the items in the set of multiple items after the auction for another item in the set of multiple items has initiated.
8 . The method of claim 6 , wherein linking the set of multiple items includes linking at least one of the items includes linking items by a type and/or by a locality.
9 . The method of claim 8 , wherein the type corresponds to a type of real property, and wherein the locality can include a geographic region.
10 . The method of claim 6 , wherein linking the set of multiple items includes identifying items by a type and by an expected sale price or a reserve price.
11 . (canceled)
12 . A method for conducting an auction forum, the method being implemented by one or more processors and comprising:
linking a set of auctions for multiple items so that each auction in the set ends at a first end time;
for each item in the set of multiple items, (i) initiating a corresponding auction, and (ii) implementing a set of completion rules that extend that auction from the first end time to a second end time in response to an occurrence of an event or condition;
monitoring the corresponding auction for each item in the set of multiple items for the occurrence of the event or condition in which that auction is extended;
when the corresponding auction for any item in the set of multiple items is extended to the second end time, extending the auction for all other items in the set of multiple items to the second end time.
13 . The method of claim 12 , wherein the auction for each item in the set of multiple items includes a same set of completion rules for extending that auction.
14 . The method of claim 13 , wherein implementing the set of completion rules includes extending the auction in response to receiving a bid in a designated time period before the auction is to end without further extension.
15 . The method of claim 13 , wherein implementing the set of completion rules includes extending the auction in response to a set of conditions that include a reserve price not being met.
16 . The method of claim 12 , wherein linking the set of auctions includes analyzing information provided with each item being auctioned in the set of auctions, and determining, from the information, that each item shares one or more predetermined characteristics that are indicative of common interest among a group of bidders.
17 . The method of claim 16 , wherein analyzing the information includes determining, from the information, a geographic location for each item being auctioned in the set of auctions.
18 . A computer system comprising:
a memory resource that stores a set of instructions;
one or more processors;
wherein the one or more processors use the set of instructions stored in the memory resource to:
link a set of multiple items that are being auctioned or scheduled to be auctioned by different sellers wherein a first auction for one of the items in the set of multiple items is initiated at a different start time than a second auction for another item in the set of multiple items; and
synchronize a common end time for each auction of an item in the set of multiple items such that each auction stops accepting new bids at the common end time.
19 . The computer system of claim 18 , wherein the computer system is provided as part of an auction service using the Internet.
20 . A computer-readable medium for conducting an auction forum, the computer-readable medium storing instructions, that when executed by one or more processors, cause the one or more processors to perform operations comprising:
(a) programmatically analyzing a database of items to be auctioned in order to determine that a set of multiple items are likely to share a common set of prospective buyers;
(b) linking the set of multiple items to be auctioned so that an auction for each item in the set of multiple items has a common end time; and
(c) conducting the auction for each item in the set of multiple items so that the auctions all end at the common time.