SYSTEMS AND METHODS FOR IMPROVING THE LIQUIDITY AND DISTRIBUTION NETWORK FOR LUXURY AND OTHER ILLIQUID ITEMS
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Accused Products
Abstract
Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
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Citations
152 Claims
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1-120. -120. (canceled)
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121. A method comprising:
- capturing data from a plurality of completed auction for a plurality of items;
receiving a search request specifying at least one criterion for an item;
identifying from the plurality of items at least one item satisfying the at least one criterion;
receiving an instruction to compute at least one user specified calculation for at least one item identified; and
determining the user specified calculation from at least a portion of the auction data corresponding to the at least one item identified. - View Dependent Claims (122, 123, 124, 125, 126, 127, 128, 129, 130, 131, 132, 133)
- capturing data from a plurality of completed auction for a plurality of items;
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134. A method comprising:
- capturing data from a plurality of completed auction for a plurality of items;
receiving a search request specifying at least one criterion for an item;
identifying from the plurality of items at least one item satisfying the at least one criterion;
determining at least one calculation from at least a portion of the auction data corresponding to the at least one item identified;
communicating the at least one calculation and a listing comprising at least one pending auction for the item to at least one use. - View Dependent Claims (135, 136)
- capturing data from a plurality of completed auction for a plurality of items;
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137. A system comprising at least one processor and a memory that stores a program that when executed enables the processor to perform a method comprising:
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capturing data from a plurality of completed auction for a plurality of items;
receiving a search request specifying at least one criterion for an item;
identifying from the plurality of items at least one item satisfying the at least one criterion;
receiving an instruction to compute at least one user specified calculation for at least one item identified; and
determining the user specified calculation from at least a portion of the auction data corresponding to the at least one item identified. - View Dependent Claims (138, 139, 140, 141, 142, 143, 144, 145, 146, 147, 148, 149)
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150. A system comprising at least one processor and a memory that stores a program that when executed enables the processor to perform a method comprising:
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capturing data from a plurality of completed auction for a plurality of items;
receiving a search request specifying at least one criterion for an item;
identifying from the plurality of items at least one item satisfying the at least one criterion;
determining at least one calculation from at least a portion of the auction data corresponding to the at least one item identified;
communicating the at least one calculation and a listing comprising at least one pending auction for the item to at least one use. - View Dependent Claims (151, 152)
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Specification