Systems For Valuating and Tracking Items of Property

• US 20100076794A1
• Filed: 09/16/2009
• Published: 03/25/2010
• Est. Priority Date: 09/16/2008
• Status: Abandoned Application

• Current Assignee: WorthPoint
• Original Assignee: WorthPoint
• Inventors: Seippel, William
• Application Number:
  US12/560,666
• Publication Number:
  US 20100076794A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Systems, methods, and computer program products are provided for tracking and providing information relating to items of tangible personal property. For example, in one embodiment, a property management system is adapted to (a) periodically estimate the value of one or more items of tangible personal property based on data regarding the sale of similar items of tangible personal property and (b) track the value of one or more items of tangible personal property. The property management system may also be used for purposes other than estimating the value of a particular item. For example, the information may be used to help an owner locate a lost or stolen item of tangible personal property.

Claims

1. A system for tracking the value of collectibles, the system comprising:

memory; and

one or more processors, wherein the system is configured to;

receive information identifying an item of tangible personal property that is part of a portfolio of collectibles;

identify a universal identifier for the item of tangible personal property, the universal identifier being associated with a taxonomy classifying a plurality of items of tangible personal property into classes;

identify a first condition identifier that at least generally corresponds to the condition of the item of tangible personal property; and

determine an estimated value for the item of tangible personal property, wherein the estimated value is based at least in part on the first condition identifier.

2. The system of claim 1, wherein the system is further configured to:

receive a request for estimated values of the item of tangible personal property, the estimated values spanning an observation period;

identify the estimated values of the item of tangible personal property spanning the observation period; and

generate a graphical representation of the estimated values of the item of tangible personal property spanning the observation period.

3. The system of claim 1, wherein the system is further configured to periodically import, into the system'"'"'s memory, sale price information for one or more items of tangible personal property associated with the universal identifier.

4. The system of claim 3, wherein the sale price information for the one or more items of tangible personal property associated with the universal identifier comprises one or more sale amounts.

5. The system of claim 4, wherein to determine the estimated value for the item of tangible personal property, the system is further configured to compute an average sale amount from the one or more sale amounts.

6. The system of claim 4, wherein to determine the estimated value for the item of tangible personal property, the system is further configured to:

identify a first sale amount from the one or more sale amounts, wherein the first sale amount is associated with (a) the universal identifier and (b) a second condition identifier that at least generally corresponds to the condition of the item of personal property corresponding to the first sale amount; and

adjust the first sale amount to correspond to the difference in condition represented by the first condition identifier and the second condition identifier.

7. The system of claim 4, wherein to determine the estimated value for the item of tangible personal property, the system is further configured to:

identify outlying sale amounts from the one or more sale amounts; and

compute an average sale amount, excluding the outlying sale amounts, from the one or more sale amounts.

8. The system of claim 4, wherein the system is further configured to periodically re-determine the estimated value for the item of tangible personal property based in part on the sale price information.

9. The system of claim 8, wherein the system is further configured to:

associate a predetermined threshold value with the item of tangible personal property;

determine whether the item of tangible personal property has reached or exceeded the predetermined threshold value; and

in response to determining that the item of tangible personal property has reached or exceeded the predetermined threshold value, generate an alert.

10. The system of claim 1, wherein the system is further configured to:

determine whether the estimated value of the item of tangible personal property has reached or exceeded a predetermined threshold value;

in response to determining that the item of tangible personal property has reached or exceeded the predetermined threshold value, cause display of information indicating that the item of tangible personal property has reached or exceeded the predetermined threshold value; and

in response to determining that the item of tangible personal property has not reached or exceeded the predetermined threshold value, cause display of information indicating that the item of tangible personal property has not reached or exceeded the predetermined threshold value.

11. The system of claim 1, wherein the item of tangible personal property comprises an apparatus storing an audio file discussing the item of tangible personal property.

12. A system for generating appraisals of collectibles, the system comprising:

memory; and

one or more processors, wherein the system is configured to;

identify an item of tangible personal property, wherein the item of tangible personal property comprises a collectible item;

cause display of an offer to provide an appraisal of the item of tangible personal property; and

in response to receiving an acceptance to the offer to provide an appraisal of the item of tangible personal property, initiate an appraisal, wherein to initiate the appraisal, the system is further configured to;

identify a universal identifier for the item of tangible personal property, the universal identifier being associated with a taxonomy classifying a plurality of items of tangible personal property into classes;

identify a condition identifier for the item of tangible personal property that at least generally corresponds to the condition of the item of tangible personal property;

determine an estimated value for the item of tangible personal property, wherein the estimated value is based at least in part on the condition identifier of the item of tangible personal property; and

generate an appraisal, wherein the appraisal is based at least in part on the estimated value of the item of tangible personal property.

13. The system of claim 12, wherein the system is further configured to generate an offer to insure the item of tangible personal property, and wherein an insurance premium associated with the offer to insure the item of tangible personal property is based at least in part on the appraisal.

14. The system of claim 12, wherein the system is further configured to:

assign an appraisal identifier to the appraisal; and

cause transmission of the appraisal identifier to a radio frequency identification (RFID) tag affixed to the item of tangible personal property.

15. A system for identifying collectibles, the system comprising:

memory; and

one or more processors, the system being configured to;

receive a first image of an item of tangible personal property;

identify a class within a taxonomy associated with the item of tangible personal property;

receive a second image of an item from the same class as the item of tangible personal property;

determine whether the first and second images are substantially the same; and

in response to determining that the first and second images are substantially the same, generate an alert.

16. The system of claim 15, wherein the system is further configured to:

determine whether the item of tangible personal property was sold during an observation period; and

in response to determining that the item of tangible personal property was sold during the observation period, generate an alert.

17. A system for tracking collectibles comprising:

memory; and

one or more processors, wherein the system is configured to;

receive input identifying an item of tangible personal property, wherein the item of tangible personal property is a collectible item;

identify a universal identifier for the item of tangible personal property, wherein the universal identifier is associated with a taxonomy classifying a plurality of items of tangible personal property into classes; and

receive information indicating that an item of tangible personal property associated with the universal identifier (a) is available for purchase or (b) has been sold.

18. The system of claim 17, wherein the system is further configured to:

in response to determining that an item of tangible personal property associated with the universal identifier is available for purchase, generate a message indicating that the item of tangible personal property is available for purchase; and

in response to determining that an item of tangible personal property associated with the universal identifier has been sold, generate an alert indicating that the item of tangible personal property may have been located.

19. The system of claim 18, wherein the system is further configured to import sale price information for the item of tangible personal property into the system.

20. The system of claim 17, wherein the system is further configured to:

in response to determining that an item of tangible personal property associated with the universal identifier is available for purchase, generate a message indicating that the item of tangible personal property is available for purchase;

receive a request to purchase the item of tangible personal property; and

initiate a purchase order for the item of tangible personal property.