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Real-time, interactive, competitive method of on-line auction utilizing an auctioneer

  • US 20060206408A1
  • Filed: 02/23/2006
  • Published: 09/14/2006
  • Est. Priority Date: 11/15/2000
  • Status: Active Grant
First Claim
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1. A method interactive, on-line auction utilizing a computer network;

  • said computer network comprising a host server, an auction information server, an auction server, a virtual auctioneer, and a plurality of remote computers and communication lines connecting said remote computers to said computer network;

    said method of auction comprising of the following steps;

    said plurality of remote computers access a website on the world-wide-web;

    said plurality of remote computers register to qualify to participate in said method of auction;

    said host server establishes real-time connectivity with said qualified plurality of remote computers;

    said host server renders a multimedia representation of said auctioneer;

    said multimedia representation of said auctioneer is part of the user interface of said plurality of remote computers;

    said host server transmits to said plurality of remote computers, real-time, live-stream multimedia signals;

    said multimedia signals further comprise said auctioneer information;

    receiving electronic data input from at least one of said plurality of remote computers in response to said multimedia signals from said host server;

    said auction server receives and processes in a ranked order said electronic data originating from said plurality of remote computers;

    said host server broadcasts to said plurality of remote computers said electronic data originating from any one of said plurality of remote computers;

    said auction server determines which of said plurality of remote computers sent the most recent submission of said electronic data input; and

    said host server broadcasts real-time to said plurality of remote computers the status of the cessation of said electronic data entry input and the results thereof.

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