US Patent 7475036 Computer web-based auction platform

A computer auction platform that incorporates a novel concept of virtual Internet property ownership to promote the platform, increase listings and customer base. Virtual property owners may be entitled to receive a portion of the transaction revenue generated from auctions that originate from within a predefined geographic region. Virtual property owners may also have physical locations placed within the geographic region to provide escrow service between buyers and sellers. The central location may also provide assistance for those who do not have access to computers to list or bid on items on the platform.