Valuation tool and method for electronic commerce including auction listings
First Claim
1. A valuation data analysis system comprising:
- a valuation data mining system configured to extract valuation data from at least one of a plurality of publicly available listings of items for sale and a non-public database of previously sold items; and
a valuation data processing system configured to receive the valuation data, the data processing system configured to process the valuation data to identify relationships between similar items currently listed for sale and previously sold items.
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Abstract
A valuation data analysis system includes a valuation data mining system configured to extract valuation data from at least one of a plurality of publicly listed items for sale and a non-public privately available database of previously sold items, and a valuation data processing system configured to receive the valuation data, the data processing system configured to process the valuation data to identify relationships between similar items currently listed for sale and previously sold items. The process of the valuation data analysis system can include the steps of identifying a listed item open for bidding at auction, identifying a plurality of auction listings for items similar to the item open for bidding, mining valuation data from the identified auction listings, and identifying relationships between the listed item open for bidding, closing prices for similar items, and the mined valuation data from the identified auction listings.
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Citations
25 Claims
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1. A valuation data analysis system comprising:
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a valuation data mining system configured to extract valuation data from at least one of a plurality of publicly available listings of items for sale and a non-public database of previously sold items; and
a valuation data processing system configured to receive the valuation data, the data processing system configured to process the valuation data to identify relationships between similar items currently listed for sale and previously sold items. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for a valuation data analysis system comprising the steps of:
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identifying a set of item search parameters;
identifying a plurality of auction listings based on the item search parameters;
identifying valuation data for each of the identified plurality of auction listings; and
displaying a comparison of auction listings as a function of the set of item search parameters based on at least one of the identified valuation data for the identified plurality of auction listings. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method for a valuation data analysis system comprising the steps of:
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identifying a listed item open for bidding at auction;
identifying a plurality of auction listings for items similar to the item open for bidding;
mining valuation data from the identified auction listings; and
identifying relationships between the listed item open for bidding and closing prices for similar items, and the mined valuation data from the identified auction listings. - View Dependent Claims (16, 17, 18, 19)
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20. A method for a valuation data analysis system comprising the steps of:
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identifying an item to be purchased;
identifying a plurality of marketplaces selling items similar to the identified item;
selecting a marketplace based on at least one of current sales of items similar to the identified item in the marketplace, bidding activity related to items similar to the identified item, comparison of quality characteristics related to items similar to the identified item, and comparison of sale completion data related to purchasers of items similar to the identified item;
collecting data for items similar to the identified item offered in the identified marketplaces;
analyzing the data to determine supply and demand; and
based on at least the determined supply and demand, determining a relative purchase price for the identified item in the marketplace. - View Dependent Claims (21, 22, 23, 24, 25)
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Specification