Patent ID: 9152615
Filing Date: 2015-10-06
Classification: G06F,H04L

Abstract:
1. A computer-implemented method for enabling direct negotiations between two entities in an online auction system interfacing over a network two one or more bidding devices, and in which items are auctioned off in a window of time dedicated for auctioning a particular item, the computer-implemented method comprising executing on a processor the actions of: capturing with audio equipment, and streaming a live feed from an auctioning system operating at a live auction site to one or more remote entities over a network, wherein one or more entities operates a bidding device that is communicatively coupled to the network and receives the live feed over the network and then transmits remote auction messages and bids for the particular item being auctioned at the live auction site back to the auctioning system; accepting auction bids received by the auctioning system at the live auction site from onsite auction bidders and from remote entities operating a bidding device for the particular item; presenting on a display located at the live auction site, auction bid information, including accepted auction bids and auction messages related to the particular item; broadcasting auction bid information from the auctioning system to all remote entities for the auctioned item; receiving at the auctioning system, messages and auction bids from one or more remote entities for the auctioned item; enabling, after completion of a window of time dedicated for auctioning a particular item, a negotiation function that is integral with the auctioning system and that enables a user interface for a second particular window of time during which direct price negotiations can exclusively occur between consignor and another entity that are remotely located from each other and the other entity was a participant in the auction for the particular item, wherein the consignor can accept any offer from the bidder or make a counter offer.