Method and apparatus for tracking the progress of an auction

• US 20070130045A1
• Filed: 12/06/2005
• Published: 06/07/2007
• Est. Priority Date: 12/06/2005
• Status: Abandoned Application

• Current Assignee: Auction Answers, LLC
• Original Assignee: Auction Answers, LLC
• Inventors: Farson, John
• Application Number:
  US11/295,197
• Publication Number:
  US 20070130045A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

The invention is a method for broadcasting the progress of an auction. The method includes designating an identifier for each potential bidder and electronically displaying a representation of the items being auctioned in a location that is accessible to the bidders. The method further includes electronically marking the items being displayed with the identifier of the bidder in a winning position and electronically providing real-time updates by changing the identifiers as a bidder places a higher bid that creates a new winning scenario.

Claims

1. A method for broadcasting the progress of an auction comprising:

designating an identifier for each potential bidder;

electronically displaying a representation of the items being auctioned in a location that is accessible to the bidders;

electronically marking the items being displayed with the identifier of a bidder in a winning position; and

electronically changing the identifiers as a bidder places a higher bid to reflect a new winning position.

2. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises designating a color for each bidder.

3. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises designating a pattern for each bidder.

4. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises designating a number for each bidder.

5. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises designating a letter for each bidder.

6. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises designating a code for each bidder.

7. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises allowing the bidder to choose an identifier.

8. A method according to claim 1 wherein the step of designating an identifier for each bidder comprises assigning an identifier to the bidder.

9. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the representation by electronically projecting the representation onto a screen.

10. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the representation over the internet.

11. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the representation on an electronic screen.

12. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying a map representing plots of land.

13. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises electronically displaying the information on more than one screen.

14. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the information in more than one location within one room.

15. A method according to claim 1 further comprising the step of marking the items being displayed with the identifier of the bidder in a second place position.

16. A method according to claim 15 wherein the step of marking the items with the identifier of the bidder in a winning position and the step of marking the items with the identifier of the bidder in the second place position are conducted concurrently.

17. A method according to claim 15 wherein the step of marking the items with the identifier of the bidder in a winning position and the step of marking the items with the identifier of the bidder in the second place position are repeated more than one time each and are alternated.

18. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying price per unit information.

19. A method according to claim 1 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the number of units in the new winning scenario.

20. A method according to claim 1 wherein the step of electronically providing real-time updates by changing the identifiers as a bidder places a higher bid comprises automatically updating the identifiers in response to the higher bid.

21. A method according to claim 1 wherein the step of electronically providing real-time updates by changing the identifiers as a new bidder places a higher bid comprises manually updating the identifiers in response to the higher bid.

22. A system for broadcasting the progress of an auction comprising:

a processor for electronically generating information regarding the progress of the auction;

a screen for broadcasting the electronically generated information; and

wherein the information regarding the progress of the auction includes at least a list of the items being auctioned and identifiers representing bidders in a winning position.

23. A system according to claim 22 wherein said screen is a screen for receiving an electronically transmitted signal from said processor.

24. A system according to claim 22 wherein said screen is a screen for receiving an electronically projected image.

25. A system according to claim 24 further comprising a projector in electronic communication with said processor.

26. A system according to claim 22 wherein said screen is a computer screen at a remote location.

27. A system according to claim 22 wherein said information further includes identifiers representing bidders in a second place position.

28. A system according to claim 22 wherein said list of items being auctioned is schematically represented as a map of land plots being auctioned.

29. A system according to claim 28 wherein said map is superimposed over a photograph of the land plots being auctioned.

30. A system according to claim 28 wherein said map is schematic.

31. A system according to claim 28 wherein said map is topographic.

32. A system according to claim 28 wherein said land plots are marked with the identifier of the bidder in a winning position.

33. A system according to claim 22 wherein said information further includes price per acre information.

34. A system according to claim 22 wherein said information further includes time remaining in the auction.

35. A system according to claim 22 further comprising at least one additional screen for broadcasting the progress of the auction.

36. A system according to claim 22 wherein said screen is in a position remote from said processor.

37. A method of broadcasting the progress of a land auction comprising:

designating an identifier for each potential bidder;

electronically displaying, in a location that is accessible to the bidders, a first map of the land being auctioned;

identifying, on the first map, the various plots of land that are being auctioned;

marking the map with the identifiers of the bidders in a winning position;

marking the map with the identifiers of the bidders in a second place position; and

electronically providing real-time updates by changing the identifiers as a new bidder places a higher bid.

38. The method of claim 37 wherein the step of electronically displaying a map comprises electronically displaying a photograph of the land being auctioned with a map superimposed on the photograph.

39. The method of claim 37 wherein the step of marking the map with the identifiers of the bidders in a winning position and the step of marking the map with the identifiers of the bidders in a second place position are conducted in a repeating, alternating fashion.

40. The method of claim 37 further comprising the step of electronically displaying at least a second map of the land being auctioned and marking the first map with the identifiers of the bidders in a winning position while marking the second map with the identifiers of the bidders in a second place position.

41. The method of claim 37 further comprising the step of electronically displaying the price per acre represented by a winning bid.

42. A method according to claim 37 wherein the step of electronically displaying a representation of the items being auctioned comprises displaying the number of acres in the new winning scenario.