The computerized auction couples with bidder computers and an auction clearinghouse computer displaying data for the auction goods. The clearinghouse computer accepts bids, sorts bids by value, creates a bid paddle display showing the then highest bid and a bidder identifier. Bidders can incrementally increase bids substantially in real time and clearinghouse displays these further bids. The clearinghouse also accepts high value override bids. The system processes all bids until a maximum bid is accepted and displayed for a predetermined period of time. An auctioneer character figure executes a closing sale routine, first, second and third and final call, for additional bids. In the absence of a higher bid, the auctioneer closes the auction with a sold item routine. The sold item display routine visually and audibly identifies that the auction item is sold. If an additional bid is received during close sale, the system restarts the routine.