Remote bidding supplement for traditional live auctions

CAFC
  • US 6,813,612 B1
  • Filed: 05/25/2001
  • Issued: 11/02/2004
  • Est. Priority Date: 05/25/2000
  • Status: Active Grant
First Claim
Patent Images

1. A system that integrates a remote auction audience with an onsite auction audience within a traditional-style, live auction while leaving an auctioneer in control of the auction event, the system comprising:

  • a clerk system operable to process auction bids from one or more onsite auction bidders and remote auction bidders for an item being auctioned at a live auction site;

    a lid system operable to;

    transmit to one or more remote auction bidders information pertaining to the item being auctioned, receive auction bids from the one or more remote auction bidders for the items being auctioned; and

    transmit to the one or more remote auction bidders information regarding the acceptance and rejection of the onsite and remote auction bids; and

    the clerk system and the bid system being event-only driven systems operating subject to the occurrence of non-time based events, the non-time based events occurring under the direction of the auctioneer, whereby the auctioneer manages the psychology and the pace of the auction.

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