Electronic marketplace system and method for creation of a two-tiered pricing scheme
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United States of America Patent
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Jan 12, 2010
Grant Date -
Jul 12, 2001
app pub date -
Feb 9, 2001
filing date -
Nov 7, 1995
priority date (Note) -
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status (Latency Note)
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Abstract
A method and apparatus for creating a computerized market for used and collectible goods by use of a plurality of low cost posting terminals and a market maker computer in a legal framework that establishes a bailee relationship and consignment contract with a purchaser of a good at the market maker computer that allows the purchaser to change the price of the good once the purchaser has purchased the good thereby to allow the purchaser to speculate on the price of collectibles in an electronic market for used goods while assuring the safe and trusted physical possession of a good with a vetted bailee.
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