Abstract: A computer network implemented public auction preserves audit trail data set associated with said auction in a remotely secured storage site which may be accessed by subscribing auction participants in the event auction fraud or collusion is suspected. To insure the authenticity of the stored data set and to verify the identities participating in the auction a unique encrypted identification code is assigned to each bidder after the bidder's identity is verified against public data banks and once so verified is stored in association with the image and/or document record sequences for a period determined by the subscription agreement and/or the relevant statute of limitations period.

Abstract: A computer network implemented public auction preserves audit trail data in a remotely secured storage site which may be accessed by subscribing auction participants in the event auction fraud or collusion is suspected. To insure the authenticity of the stored data and to verify the identities participating in the auction a unique encrypted identification code is assigned to each bidder after the bidder's identity is verified against public data banks and once so verified is stored in association with the image and/or document record sequences for a period determined by the subscription agreement and/or the relevant statute of limitations period.