Computer-based right distribution system with reserve pricing
First Claim
1. A method of conducting an automated auction over a network for event tickets and providing real-time auction update information, the method comprising:
- storing a starting minimum bid value for an event ticket in a first database, wherein the starting minimum bid value is stored in association with seat identification information;
transmitting to a remote terminal associated with a user, via a Web interface, the starting minimum bid value for the event ticket;
receiving, via the Web interface, a first bid from a bidder;
using a computer to determine if the first bid is acceptable;
automatically updating standing bid information on a real-time basis and transmitting the updated standing bid information to bidders; and
if the first bid is not acceptable, transmitting over a network a notification to the bidder indicating that the first bid is not acceptable.
7 Assignments
0 Petitions
Accused Products
Abstract
An automated ticket auctioning system receives and evaluates bid information records received from a plurality of remote terminals. Each bid information record corresponds to at least one bid for one or more desired seats at a venue. Each bid information record may also include a plurality of additional bids identified for different seats in the venue. The separate bids in each bid information record are prioritized. The automated ticket auctioning system includes a central controlling computer operable to receive the bid information records and determine, in order of priority, whether any of the bids in a bid information record is accepted. If one bid in a bid information record is accepted, all lower priority bids in that bid information record are dismissed.
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Citations
58 Claims
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1. A method of conducting an automated auction over a network for event tickets and providing real-time auction update information, the method comprising:
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storing a starting minimum bid value for an event ticket in a first database, wherein the starting minimum bid value is stored in association with seat identification information; transmitting to a remote terminal associated with a user, via a Web interface, the starting minimum bid value for the event ticket; receiving, via the Web interface, a first bid from a bidder; using a computer to determine if the first bid is acceptable; automatically updating standing bid information on a real-time basis and transmitting the updated standing bid information to bidders; and if the first bid is not acceptable, transmitting over a network a notification to the bidder indicating that the first bid is not acceptable. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A method of conducting an automated auction over a network for event tickets, the method comprising:
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storing in a first database a minimum bid value corresponding to an event ticket, wherein the minimum bid value is stored in association with seat identification information; transmitting to a remote terminal associated with a user the minimum bid value for the event ticket; receiving bid information for a first bid, including; bidder identification information; venue section identification information; seat quantity information; bid price information; determining if the first bid is acceptable based at least in part on the minimum bid value; and if the first bid is not acceptable, transmitting a notification to the bidder indicating that the first bid is not acceptable. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A method of conducting an automated auction over a network for seat tickets, the method comprising:
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storing in memory a minimum bid value, wherein the minimum bid value is stored in association with seat identification information; transmitting to a remote terminal associated with a user the minimum bid value; receiving a plurality of ticket bids including bid information for a first bid, the bid information including; bidder identification information; bid price information; using the computer to determine which of the plurality of ticket bids are successful; and automatically transmitting, via a network, a notification to a plurality of successful bidders. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58)
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Specification