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METHOD AND APPARATUS FOR HOLDING AN ONLINE LIVE AUCTION TO COMBINE FEATURES OF BOTH THE INTERNET AND TRADITIONAL, REAL WORLD AUCTIONS

  • US 20100287066A1
  • Filed: 07/19/2010
  • Published: 11/11/2010
  • Est. Priority Date: 12/08/1998
  • Status: Active Grant
First Claim
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1. A computer implemented method in a live auction to allow bids by one or more remote bidders and by one or more onsite bidders, the method comprising:

  • using a first computer;

    processing bids, from one or more onsite bidders and from one or more remote bidders, for an item being auctioned at a live auction site;

    wherein the processing of bids includes choosing as a starting bid in the onsite auction a highest bid from the bids from the one or more remote bidders; and

    using a second computer;

    transmitting to one or more remote bidders information pertaining to the item;

    receiving bids for the item from the one or more remote bidders;

    selecting, from the bids received from the one or more remote bidders, the second highest bid received by the remote bidders, plus a one bid increment amount provided by the seller of the item, as a bid for the item; and

    transmitting to the one or more remote bidders information regarding the acceptance and rejection of the onsite and remote bids.

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