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Network-based system for facilitating interactive participation by remote bidders in live auctions

  • US 20020174060A1
  • Filed: 07/01/2002
  • Published: 11/21/2002
  • Est. Priority Date: 12/30/1998
  • Status: Active Grant
First Claim
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1. A method for distributing a live auction conducted by a human auctioneer to remote bidders over a communications network, the live auction having a state reflecting a history of auction transactions and information about sequences and groupings of items to be sold, the method comprising:

  • monitoring the live auction to detect changes in the state of the live auction;

    when a change in the state of the live auction is detected, encapsulating the detected state change in a first message and transmitting the first message over the communications network to the remote bidders;

    monitoring the remote bidders to detect submissions of bids by the remote bidders;

    when submission of a bid by a remote bidder is detected, encapsulating the bid into a second message, and transmitting the second message on the computer network;

    processing the second message at an intermediate node on the computer network to determine whether the bid is valid; and

    if the bid is determined by the intermediate node to be valid, transmitting the second message from the intermediate node to a site of the live auction over the communications network for submission of the bid to the auctioneer.

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