Live auction using electronic auction paddles

• US 20040044614A1
• Filed: 05/07/2003
• Published: 03/04/2004
• Est. Priority Date: 05/07/2002
• Status: Abandoned Application

• Current Assignee: Roger Wagner
• Original Assignee: Roger Wagner
• Inventors: Wagner, Roger
• Application Number:
  US10/430,905
• Publication Number:
  US 20040044614A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Aspects of the present invention include a system for facilitating live auctions using electronic auction paddles to chronologically register bids. In one embodiment, an electronic auction-hosting device wirelessly communicates with a plurality of electronic auction paddles to register bids from bidders having the paddles. The host device may also include a display for providing a wide variety of information to the participants in the live auction, such as, for example, the paddle registering the currently high bid, the current bid, bid histories, information about the product or item being auctioned, and the like.

Claims

1. An auction system for registering bids during an auction for a particular item, the auction system comprising:

a plurality of electronic paddles usable by bidders at a live auction, each of the plurality of electronic paddles comprising an actuator usable by one of the bidders to enter a bid on an item auctioned during the live auction; and

an electronic auction-hosting device capable of receiving electronic information sufficient to register as the currently highest bid, the bid from the electronic paddle associated with the one bidder.

2. The auction system of claim 1, wherein the plurality of electronic paddles wirelessly transmit the electronic information to the electronic auction-hosting device.

3. The auction system of claim 1, wherein the electronic auction-hosting device wirelessly communicates with the plurality of electronic paddles.

4. The auction system of claim 3, wherein each of the plurality of electronic paddles include indicia for indicating whether a bidder'"'"'s bid was received as the currently highest bid.

5. The auction system of claim 3, wherein each of the plurality of electronic paddles include indicia for indicating when the bidder is not registered as having the currently highest bid.

6. The auction system of claim 3, wherein each of the plurality of electronic paddles include indicia for indicating when the auction is not currently active.

7. The auction system of claim 1, further comprising at least one connected bidder computing device communicating with the electronic auction-hosting system through a computer network and capable of registering a bid.

8. The auction system of claim 1, further comprising a computing device capable of communicating information representing one or more absentee bids to the auction device for the particular item.

9. The auction system of claim 1, wherein the electronic auction-hosting device receives information from one or more evaluators determining at least one of high and low valuations for the particular item.

10. The auction system of claim 1, wherein the electronic auction-hosting device receives reserve value information from a consignor associated with the particular item.

11. The auction system of claim 1, further comprising an auctioneer electronic device capable of starting the live auction.

12. The auction system of claim 1, further comprising an auctioneer electronic device capable of ending the live auction.

13. The auction system of claim 1, further comprising an auctioneer electronic device capable of interrupting the live auction.

14. The auction system of claim 1, further comprising an auctioneer electronic device capable of entering bids for present and/or absent bidders.

15. A method of registering a bid from a bidder present during a live auction on an item being auctioned, the method comprising:

monitoring a plurality of electronic devices held by bidders physically present at a live auction;

receiving a transmission representing a bid from one of the plurality of electronic devices; and

storing information uniquely identifying the one of the plurality of electronic devices in the order that the transmission was received.

16. The method of claim 15, further comprising displaying information to the bidders representing the received bid from the one electronic device.

17. The method of claim 15, further comprising associating a current bid price with the information uniquely identifying the one electronic device.

18. The method of claim 15, further comprising receiving absentee bid information.

19. The method of claim 15, further comprising receiving valuation information.

20. The method of claim 15, further comprising receiving reserve information from a consignor.

21. The method of claim 15, further comprising directly receiving bid information over a computer network from a remote bidder monitoring the auction through the computer network.