Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items
First Claim
1. A method comprising:
- capturing, by a computer system, data from a plurality of completed auctions, in which each auction is for a respective item, in which the respective data comprises information about the respective item and the respective auction;
storing the data from the plurality of completed auctions;
receiving, by the computer system, a search request specifying at least one criterion from a remote device of a user through a communication link;
determining, by the computer system, that each respective item satisfies the at least one criterion;
receiving, by the computer system, a request to compute statistical data from the remote device of the user through the communication link, in which the request identifies one or more auction characteristics selected by the user through the remote device;
determining, by a processor of the computer system and in response to receiving the request to compute, the statistical data from at least a portion of the data captured from each of the plurality of completed auctions that has the one or more auction characteristics; and
transmitting the statistical data to the remote device of the user through the communication link.
2 Assignments
0 Petitions
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.
-
Citations
34 Claims
-
1. A method comprising:
-
capturing, by a computer system, data from a plurality of completed auctions, in which each auction is for a respective item, in which the respective data comprises information about the respective item and the respective auction; storing the data from the plurality of completed auctions; receiving, by the computer system, a search request specifying at least one criterion from a remote device of a user through a communication link; determining, by the computer system, that each respective item satisfies the at least one criterion; receiving, by the computer system, a request to compute statistical data from the remote device of the user through the communication link, in which the request identifies one or more auction characteristics selected by the user through the remote device; determining, by a processor of the computer system and in response to receiving the request to compute, the statistical data from at least a portion of the data captured from each of the plurality of completed auctions that has the one or more auction characteristics; and transmitting the statistical data to the remote device of the user through the communication link. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
13. A method comprising:
-
capturing, by a computer system, data from a plurality of completed auctions, in which each auction is for a respective item, in which the respective data comprises information about the respective item and the respective auction; storing the data from the plurality of completed auctions; receiving, by the computer system, a search request specifying at least one criterion from a remote device of a user through a communication link; determining, by the computer system, that each respective item satisfies the at least one criterion; receiving, by the computer system, a request to compute statistical data from the remote device of the user, in which the request identifies one or more auction characteristics selected by the user through the remote device; determining, by a processor of the computer system, the statistical data from at least a portion of the data captured from each of the plurality of completed auctions that has the one or more auction characteristics; and communicating the statistical data and a listing comprising at least one pending auction for an item that satisfies the at least one criterion to the remote device through a communication link. - View Dependent Claims (14, 15, 16, 17)
-
-
18. 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:
-
capturing data from a plurality of completed auctions, in which each auction is for a respective item, in which the respective data comprises information about the respective item and the respective auction; storing the data from the plurality of completed auctions receiving a search request specifying at least one criterion from a remote device of a user through a communication link; determining that each respective item satisfies the at least one criterion; receiving a request to compute statistical data from the remote device of the user through the communication link, in which the request identifies one or more auction characteristics selected by the user through the remote device; determining, in response to receiving the request to compute, the statistical data from at least a portion of the data captured from each of the plurality of completed auctions that has the one or more auction characteristics; and transmitting the statistical data to the remote device of the user through the communication link. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
-
-
30. 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:
-
capturing data from a plurality of completed auctions, in which each auction is for a respective item, in which the respective data comprises information about the respective item and the respective auction; storing the data from the plurality of completed auctions receiving a search request specifying at least one criterion from a remote device of a user through a communication link; determining that each respective item satisfies the at least one criterion; receiving, by the computer system, a request to compute statistical data from the remote device of the user through the communication link, in which the request identifies one or more auction characteristics selected by the user through the remote device; determining the statistical data from at least a portion of the data captured from each of the plurality of auctions that has the one or more auction characteristics; and communicating the statistical data and a listing comprising at least one pending auction for an item that satisfies the at least one criterion to the remote device through the communication link. - View Dependent Claims (31, 32, 33, 34)
-
Specification