Importance

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Abstract

A remote bidding supplement for traditional-style live auctions, comprising an audio/video system for streaming instantaneous and buffer-free live audio and video data from a live auction site to one or more remote auction bidders having a bidding device for receiving the data and for transmitting instantaneously remote auction bids for each item being auctioned at the live auction site; a clerk system for controlling and accepting auction bids received at the live auction site from onsite auction bidder and from remote auction bidders for each item being auctioned at the live auction site; a marquee system for displaying instantaneously at the live auction site auction bid information, including accepted auction bids, for each item being auctioned at the live auction site; and a bid system for broadcasting instantaneously to all remote auction bidders and to the marquee system the auction bid information for each item being auctioned at the live auction site, for receiving instantaneously auction bids from each remote auction bidder for each item being auctioned at the live auction site and for transmitting instantaneously to the clerk system each remote auction bid received for each item being auctioned at the live auction, and for broadcasting instantaneously to all remote auction bidders and to the marquee system the onsite and remote auction bids that have been accepted by the clerk system.

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First Claim