System and method for hosting combined online and live auctions

• US 20080235115A1
• Filed: 05/28/2008
• Published: 09/25/2008
• Est. Priority Date: 10/24/2000
• Status: Abandoned Application

• Current Assignee: Liveblock Auctions International, Inc. (OPENLANE, Inc.)
• Original Assignee: Worldwide Farm Equipment Auctions.Com Ltd.
• Inventors: Peterson, Roe, Stefanovic, Zeljko, Francis, Bob
• Application Number:
  US12/156,089
• Publication Number:
  US 20080235115A1
• Time in Patent Office: Days
• US Class Current: 705/27
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system for the hosting of a combined auction, with live bidders in physical presence at the auction site as well as online bidders being able to view the auction and bid over the Internet. Auction and bid processing are centralized on a central control system. A remote module is used at the actual physical site of the auction and provides site data to the central control system for handling and distribution to bidders. The technical requirements at the actual auction site are minimized by the centralization of the majority of auction processing, and high-speed network connectivity requirements between the auction site and the central processing system are minimized.

Claims

1. An apparatus for the conduct of an auction from a physical location allowing for the participation of both live bidders and online bidders, said apparatus comprising:

a) an auction web site system including auction software components;

b) at least one bidder computer, each bidder computer configured to record online bids from an online bidder and able to communicate the details of the online bid with the auction web site system; and

c) at least one site terminal operatively connected to said auction web site system, each site terminal configured to record live bids from multiple live bidders and able to communicate the details of said live bids with said auction web site system auction software components;

wherein said site terminal is configured to record live bids from a plurality of live bidders by recording at the time a live bid is made by a live bidder, the amount of the live bid and a live bidder identifier, to identify which of said multiple live bidders made said live bid in a bid database and entered by an independent operator at said site terminal;

wherein online bids and live bids are recorded by said auction software components in said bid database in said web site system.

2. The apparatus of claim 1 wherein up-to-date status information of the auction is displayed to bidders by the Web site system.

3. The apparatus of claim 1 wherein live bids and online bids are recorded by the web site system in the order received.

4. The apparatus of claim 1 further comprising at least one media capture device operatively connected to said site terminal, wherein the media input from said media capture device is transmitted by said site terminal to said Web site system, where said Web site system includes media broadcast components which will transmit said media input from said media capture device to bidder computers.

5. The apparatus of claim 4 wherein said site terminal processes said media input before transmitting same to said web site system.

6. The apparatus of claim 5 wherein said media input is compressed before transmission of same to said Web site system.

7. The apparatus of claim 2 wherein said web site system provides up to date auction status information to an online bidder by transmitting said information to the bidder computer of said online bidder.

8. The apparatus of claim 2 wherein said web site system provides up to date auction status information to live bidders by transmitting said information to the site terminal.

9. The apparatus of claim 1 wherein each live bid or online bid is time-stamped when received by said web site system.

10. The apparatus of claim 9 wherein bids are accepted chronologically in order of their time-stamps.

11. The apparatus of claim 1 wherein the web site system and the site terminal are one computer.

12. The apparatus of claim 1 wherein the web site system and the site terminal are separate computers.

13. The apparatus of claim 1 wherein the web site system is not located at the auction location.

14. The apparatus of claim 1 wherein said auction software components comprise:

a) a merchandise database containing information pertaining to auction lots;

b) said bid database containing details of bids received from bidders with respect to auction lots;

c) an auction control system which during the conduct of an auction will receive live bid details from the site terminal and online bids from bidder computers and record the details of said bids in the bid database; and

which upon detection of an auction-closing condition will accept no further bids and the successful bidder will be determined based on accepted bids stored in the bid database.

15. The apparatus of claim 14 wherein the auction-closing condition is a manually initialed closing of an auction by an operator of said Web site system.

16. The apparatus of claim 14 wherein the auction-closing condition which is detected is a based on a preprogrammed formula which can be automatically detected by the auction control system.

17. The apparatus of claim 16 wherein the auction-closing condition which is detected is the passage of a predetermined amount of time between the placement of bids.

18. A method of conducting an auction at an auction location allowing the placement of online bids from online bidders as well as the placement of live bids from live bidders present at the auction location, said method comprising:

a) providing an auction web site system which can communicate with the bidder computers of online bidders, said web site system including auction software components capable of receiving and recording online bids and live bids in respect of auction lots;

b) providing a site terminal at the auction location operatively connected to said web site system;

c) with respect to an auction lot, using said web site system and site terminal to conduct an auction in the following steps;

i) accepting online bidders to transmit online bids from bidder computers to said web site system;

ii) allowing a plurality of live bidders to place live bids at said site terminal of the auction location, said live bids being associated with a unique bidder number and transmitted from said site terminal to said web site system, said live bids entered into said web site system at said site terminal at said auction location by an independent second entity;

iii) recording each of said online bids and each of said plurality of live bids entered on said site terminal at said auction location received by the Web site system individually in a database;

iv) upon detection of an auction-closing condition, ceasing the acceptance of any further bids by said web site system.

19. The method of claim 18 further comprising determining the successful bidder after detection of the auction-closing condition.

20. The method of claim 18 wherein the conduct of the auction further comprises displaying information pertaining to the auction lot to online bidders at their bidder computers.

21. The method of claim 18 wherein bids are recorded in said web site system in the order which they are received.

22. The method of claim 18 further comprising providing at least one media capture device operatively connected to said site terminal, and transmitting media input from said media capture device from the site terminal to the Web site system, and then broadcasting said media input from said Web site system to bidder computers.

23. The method of claim 22 further comprising processing of the media input from said media capture device by the site terminal in advance of transmitting same to said Web site system.

24. The method of claim 23 wherein the processing of the media input from the site terminal includes compressing said media input.

25. The method of claim 18 wherein the conduct of the auction further comprises the step of displaying up to date auction status information to all bidders.

26. The method of claim 18 wherein each live bid or online bid is time-stamped when received by said Web site system.

27. The method of claim 26 wherein bids are accepted and processed by the Web site system chronologically in order of their time stamps.

28. A method of coordinating a live auction at a defined live auction location with placement of online bids from online bidders for a plurality of auction lots, said method comprising:

a) providing an auction web site system which can communicate with a plurality of online bidding computers, said web site system including auction software components capable of receiving and recording online bids from said plurality of online bidder computers in respect of said auction lots;

b) providing a site terminal at said defined live auction location, said site terminal operatively connected to said web site system and able to integrate a plurality of live auction bids into said auction web site system from said single site terminal;

c) said web site system and site terminal conducting an auction in the following steps;

(i) accepting bids from said plurality of online bidder computers;

(ii) allowing live bidders to place live bids at said live auction location, said live bids being transmitted from said site terminal to said web site system, said live bids entered into said web site system at said site terminal at said auction location by an independent second entity;

(iii) recording said online bids and said plurality of live auction bids received by said web site system in a database;

(iv) differentiating said plurality of live auction bids; and

(v) upon detection of an auction-closing condition, ceasing the acceptance of any further bids by said web site system.