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LIVE AUCTION PARTICIPATION UTILIZING A COUPLED BIDDING DEVICE

  • US 20140304100A1
  • Filed: 06/17/2014
  • Published: 10/09/2014
  • Est. Priority Date: 05/25/2000
  • Status: Active Grant
First Claim
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1. A system that enables an individual to participate in an active auction over a network using a processing device, the individual either being at the location at which the active auction is occurring or from a remote location, the auction being attended by one or more other entities, the system comprising:

  • a processor for;

    receiving auction bids from the processing device of the individual for an item that is being auctioned;

    receiving the entry of bid information from the one or more other entities; and

    transmitting bid status information toward the processing device of the individual;

    an audio system coupled to the network, the audio system configured to;

    capture live audio auction site;

    transmit the live audio over the network towards the processing device such that a one second or less delay is realized at the processing device; and

    reduce quality characteristics of the transmitted live audio if necessary to ensure the one second or less delay of the live audio and to ensure the deliver of the bid status information.

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