Live webcast auction software is a type of technology that enables auctioneers to conduct auctions in real-time through an online platform. This software allows bidders to participate in the auction remotely, from anywhere in the world, through a live video stream. Auctioneers can display items for sale, manage bids, and communicate with bidders through the software. The software also provides features like bidding increments, automatic bidding, and bid tracking to facilitate a fair and transparent auction process. Live webcast auction software has become increasingly popular as more and more auctions are moving online, providing auctioneers with a wider audience and greater accessibility.