Patents by Inventor Tyler A. Slater

Tyler A. Slater has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Lowering reserve online auction method and system
    Patent number: 8719111
    Abstract: The present disclosure provides for a method and system for conducting an online lowering reserve auction including creating an auction by specifying an item for auctioning, a retail price of the item, a total number of options offered for sale during the auction, a sale price of each option, and a time duration for the auction, while the auction is open, selling an option, while the auction is open, receiving a bid for the item, if the total number of options offered for sale are purchased, designating as the winning bid the highest bid amount received, if the auction time for the item has expired and if the combination of the amount of the highest bid received and of the proceeds from the sale of the options are greater than the retail price of the item, designating as the winning bid the highest bid amount received.
    Type: Grant
    Filed: June 13, 2011
    Date of Patent: May 6, 2014
    Inventor: Tyler A. Slater
  • Lowering Reserve Online Auction Method and System
    Publication number: 20110307344
    Abstract: The present disclosure provides for a method and system for conducting an online lowering reserve auction including creating an auction by specifying an item for auctioning, a retail price of the item, a total number of options offered for sale during the auction, a sale price of each option, and a time duration for the auction, while the auction is open, selling an option, while the auction is open, receiving a bid for the item, if the total number of options offered for sale are purchased, designating as the winning bid the highest bid amount received, if the auction time for the item has expired and if the combination of the amount of the highest bid received and of the proceeds from the sale of the options are greater than the retail price of the item, designating as the winning bid the highest bid amount received.
    Type: Application
    Filed: June 13, 2011
    Publication date: December 15, 2011
    Inventor: Tyler A. Slater