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SYSTEM AND METHOD FOR PROVIDING BIDDING AND EXECUTION OF FRACTIONAL OWNERSHIP ASSETS

  • US 20130297438A1
  • Filed: 05/02/2012
  • Published: 11/07/2013
  • Est. Priority Date: 05/02/2012
  • Status: Abandoned Application
First Claim
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1. A web-based system for providing bidding and execution of fractional ownership assets, the system comprising:

  • an auction management engine comprising computer-executable code stored in non-volatile memory, a data store and an auction management communications means;

    an asset management engine comprising computer-executable code stored in non-volatile memory, a data store and an asset management communications means;

    wherein said asset management communications means is configured to communicate data to said auction management communications means; and

    a communications engine comprising computer-executable code stored in non-volatile memory, a data store and a communications engine communications means,wherein said communications engine communications means is configured to communicate data from said auction management engine and said asset management engine to one or more investors and one or more sellers,wherein said computer-executable code of said auction management engine is configured to perform the steps of;

    receiving an auction initialization request from said one or more sellers;

    identifying auction parameters from said auction initialization request;

    generating an asset information identification based at least in part on said auction initialization request;

    transmitting said asset information identification to said asset management engine; and

    effecting initiation of an auction process based at least in part on said auction initialization request,wherein said computer-executable code of said asset management engine is configured to perform the steps of;

    receiving said asset information identification from said auction management engine;

    identifying one or more assets from said asset information identification;

    identifying one or more asset types for each of said one or more assets;

    andeffecting receivership of said one or more assets based on said one or more asset types.

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