SYSTEM AND METHOD FOR COLLECTIBLES TRADING
FIELD OF DISCLOSURE
[0001] The present disclosure relates to collectibles trading. In particular, it pertains to a network connection based system for collectibles trading.
BACKGROUND OF THE DISCLOSURE
[0002] The background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.
[0003] Many articles are collected by individuals with a particular interest in that field, or by people intending to trade such items professionally in order to make a living. Such articles are grouped in a general category of collectibles and can be of a very wide variety such as toys, lithograph or other artwork, stamps, comic books, trading cards, trading pins, art, jewelry, watches, sports memorabilia, stuffed animals, historical items or items owned by notable and famous figures, and antiques.
[0004] Valuation of these items presents a complex problem as it can be highly subjective and requires highly skilful appraisers. It depends upon many factors such as how many number of that items (old coins, for example ) are in existence at the moment, historical – or even not so old - context of the item, perceived value of the item, platform used for trading the item etc. These valuations are frequently very high. For example, the most expensive letter sold at auction was sold for US$6,098,500 on 10 April 2013 by Christie's, New York, USA, for a letter written by Francis Crick in 1953 to his son Michael Crick, outlining the revolutionary discovery of the structure and function of DNA.
[0005] Wide variations in legitimate value exist for what might seem to be similar items, leaving the untrained observer completely at a loss to estimate value accurately. Moreover, sellers and appraisers of such valuables sometime deliberately obscure faults, flaws, or other negative aspects, and disclose only as much information regarding the items they describe as they must. In the buying and selling of collectibles, the doctrine of caveat emptor applies vigorously.
3
[0006] Internet offers a very convenient means of global, 24X7X365 trading in such items. At the same time, anonymous nature of Internet along with lack of skills of a majority of buyers/ sellers has lead to proliferation of unethical and illegal methods such as counterfeiting that can cause substantial losses to an unskilled person trading in such items.
[0007] At the same time, many sellers and/or buyers require anonymity, at least till the time a transaction is completed, for privacy and security reasons. Indeed, some of the best collectibles can be found in “private” collections hardly ever shown to the general public.
[0008] Many such transactions occur at exhibitions, conventions etc. Unless a person is well experienced, he may be easily duped at such places in buying an item at a price many times more than its worth or, likewise, selling an item many times below its worth.
[0009] Taxation upon sales of collectibles presents another complex problem. While right valuation is a problem as highlighted above, many such transactions occur via non-banking channels thereby increasing possibility of tax evasion and consequent loss of revenue to government.
[00010] Hence, there is a need in the art for a convenient system/architecture to trade in collectibles such as antiques. The system should be available globally at all times, and enable a collectible to be graded, such gradings being always available to potential buyers while its proper value is made available to its seller. The system should offer privacy and security to buyers and sellers when they want it and also people to develop their skills in properly evaluating value of collectibles/antiques of interest to them so that they can optimally trade in them. Further, the system should eliminate loss of tax revenue to the government.
[00011] All publications herein are incorporated by reference to the same extent as if each individual publication or patent application were specifically and individually indicated to be incorporated by reference. Where a definition or use of a term in an incorporated reference is inconsistent or contrary to the definition of that term provided herein, the definition of that term provided herein applies and the definition of that term in the reference does not apply.
[00012] In some embodiments, the numbers expressing quantities or dimensions of items, and so forth, used to describe and claim certain embodiments of the invention are to be understood as being modified in some instances by the term “about.” Accordingly, in some embodiments, the numerical parameters set forth in the written description and attached claims are approximations that can vary depending upon the desired properties sought to be obtained by
4
a particular embodiment. In some embodiments, the numerical parameters should be construed in light of the number of reported significant digits and by applying ordinary rounding techniques. Notwithstanding that the numerical ranges and parameters setting forth the broad scope of some embodiments of the invention are approximations, the numerical values set forth in the specific examples are reported as precisely as practicable. The numerical values presented in some embodiments of the invention may contain certain errors necessarily resulting from the standard deviation found in their respective testing measurements.
[00013] As used in the description herein and throughout the claims that follow, the meaning of “a,” “an,” and “the” includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of “in” includes “in” and “on” unless the context clearly dictates otherwise.
[00014] The recitation of ranges of values herein is merely intended to serve as a shorthand method of referring individually to each separate value falling within the range. Unless otherwise indicated herein, each individual value is incorporated into the specification as if it were individually recited herein. All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g. “such as”) provided with respect to certain embodiments herein is intended merely to better illuminate the invention and does not pose a limitation on the scope of the invention otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the invention.
[00015] Groupings of alternative elements or embodiments of the invention disclosed herein are not to be construed as limitations. Each group member can be referred to and claimed individually or in any combination with other members of the group or other elements found herein. One or more members of a group can be included in, or deleted from, a group for reasons of convenience and/or patentability. When any such inclusion or deletion occurs, the specification is herein deemed to contain the group as modified thus fulfilling the written description of all Markush groups used in the appended claims.
5
OBJECTS OF THE INVENTION
[00016] It is an object of the present disclosure to provide for a system that enables trading in collectibles based on correct grading and valuation of such collectibles, and is available globally at all times.
[00017] It is an object of the present disclosure to provide for a network connected system as above that enables sellers and / or buyers to retain their anonymity until a sale is complete.
[00018] It is another object of the present disclosure to provide for a system as above that enables its users to gather skills in proper grading and valuation of collectibles so as to trade optimally in them.
[00019] It is yet another objet of the present disclosure to provide for a system as above that eliminates loss of tax revenue to the government.
SUMMARY OF THE INVENTION
[00020] The present disclosure mainly relates to a network connected system for collectibles trading, and more particularly to a system for collectibles trading that is configured to be accessed by a computing device through an interface such as a web interface or a mobile application, while allowing for grading and valuation of various collectibles by using any or a combination of user inputs and appraiser’s inputs
[00021] In an aspect, the present disclosure relates to a network enabled system for trading of a collectible of a seller, said system comprising a non-transitory storage device having embodied therein one or more routines operable to facilitate trading of the collectible; and one or more processors coupled to the non-transitory storage device and operable to execute the one or more routines, wherein the one or more routines include a grading and valuation module, which when executed by the one or more processors, can grade and associate a value to the collectible based on evaluation of the collectible by an appraiser, wherein the collectible is owned by seller of the collectible; and a listing and trading module, which when executed by the one or more processors, can list the collectible along with the grade issued by the appraiser and the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
6
[00022] In an aspect, the grading and valuation module can be configured to determine the grade and the value of the collectible based on any or a combination of a functional category to which the collectible pertains, seller attributes, era to which the collectible pertains, antiquity, historical background, and rarity. In another aspect, the seller, while listing the collectible, can either present the value given by the appraiser or any other self-determined price, wherein when the value given by the appraiser is listed, an indication indicating that the value is given by the appraiser can be presented.
[00023] In another aspect, when the value of the collectible is higher than a defined threshold, selling price of the value can be hidden and communicated to the one or more potential buyers on request. In another aspect, the system can be configured to keep details of the seller as hidden till conclusion of the sale of the collectible. In another aspect, the system can enable the seller to auction the collectible after listing the minimum price to the value associated by the appraiser. In another aspect, the system can display credentials of the appraiser to the seller and/or the buyer.
[00024] The present disclosure further relates to a method for trading a collectible of a seller, said method comprising the steps of grading and associating a value to the collectible based on evaluation of the collectible by an appraiser, and wherein the collectible is owned by seller of the collectible; and listing the collectible along with the grade issued by the appraiser and the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
[00025] In an aspect, the proposed system enables one or more collectibles to be listed on a user interface (such as a web interface or mobile application or any other configured interface), wherein selling price of a collectible being listed can be automatically hidden by proposed system if the selling price is above a pre-determined threshold.
[00026] In another aspect, a buyer seeking to buy an antique whose selling price is below pre-determined threshold price can be enabled to buy the antique using an e-commerce based transaction means such as online transaction or cash on delivery or any other known payment means.
[00027] In an aspect, in case a potential buyer shows interest in an item with no selling price shown, proposed system can enable the buyer to get the selling price on his e-mail id and
7
further complete the purchase, said purchase involving steps of physical inspection of the item, concluding sale via normal e-commerce channels (such as banking channels) and advise and payment of any taxes incurred by any party. For physical inspection, proposed system can book a time slot for the same by coordinating between the buyer and the seller. In an aspect, at his/her option/discretion, buyer can remove step of physical inspection.
[00028] In an aspect, the proposed system can enable a seller to compute/determine the value and significance of a collectible he/she has, and provide him a market place. For this purpose, the collectible can be provided a grading and a valuation either automatically by proposed system or incorporating additional inputs from expert appraisers. This can be of particular use and interest to people who are not professional antique traders but have antiques at home of which they do not know market value and significance, neither do they have access to an appropriate market place to sell their antiques. Thus, unlike other trading platforms where it is very easy for a buyer to get cheated with fake and no value items and likewise, for an inexperienced seller, to sell his antique much below its optimal price, proposed system assures genuineness of transactions.
[00029] In another aspect, a seller wanting his/her item to be graded and rated can request for same using proposed system, wherein the proposed system can provide such ratings using technology as well as expert services. Stickers representing such rating / grading as appropriate can be pasted on listing of said item at the system website.
[00030] In an aspect, sellers’ and/or buyers’ identities for transactions using proposed system can be hidden.
[00031] Using the proposed system, such people can sell their antiques to hobby lovers as well as collectors etc. to create wealth for themselves as well as tax revenues for the government. Proposed system can help a person declare his antiques in his wealth tax return with correct value on which to pay wealth tax. Sale of antiques takes place through proper banking channels and allows of payment of various taxes such as sales tax and income tax to appropriate government agencies.
[00032] In an aspect, proposed system can enable various discussion forums and knowledge portals where users can have their doubts and queries addressed by experts / appraisers in relevant field. Services of experts can be availed on a paid basis as well as free at their option.
8
[00033] In another aspect, the proposed system can provide educational programs and/or trainings for users so interested. In yet another aspect, proposed system can enable its users to earn additionally by referring other people to its website. In another aspect, the proposed system can organize web based exhibitions for trading in various collectibles where each collectible can be evaluated and appraised via experts, and can be listed on the interface provided by the proposed system along with the evaluated/appraised grading/value. Both buyers and sellers can be assured of genuineness and conditions of item as well as its fair value before taking a decision either to buy or sell an antique. Thus, an optimum and genuine trade can be held while avoiding a network of cheaters that often participate in such exhibitions whether offline or online.
[00034] Various objects, features, aspects and advantages of the present disclosure will become more apparent from the following detailed description of preferred embodiments, along with the accompanying drawing figures in which like numerals represent like features.
BRIEF DESCRIPTION OF DRAWINGS
[00035] The accompanying drawings are included to provide a further understanding of the present disclosure, and are incorporated in and constitute a part of this specification. The drawings illustrate exemplary embodiments of the present disclosure and, together with the description, serve to explain the principles of the present disclosure.
[00036] The diagrams are for illustration only, which thus is not a limitation of the present disclosure, and wherein:
[00037] FIG. 1 illustrates architecture of proposed system to illustrate its overall working, in accordance with an exemplary embodiment of the present disclosure.
[00038] FIG. 2 illustrates functional modules of proposed system, in accordance with an exemplary embodiment of the present disclosure.
[00039] FIG. 3 illustrates a method of working of proposed system, in accordance with an exemplary embodiment of the present disclosure
[00040] FIGs. 4A, FIG. 4B, and FIG. 4C illustrate examples of working of the present disclosure, in accordance with an exemplary embodiment of the present disclosure.
9
DETAILED DESCRIPTION
[00041] In the following description, numerous specific details are set forth in order to provide a thorough understanding of embodiments of the present invention. It will be apparent to one skilled in the art that embodiments of the present invention may be practiced without some of these specific details.
[00042] Embodiments of the present invention include various steps, which will be described below. The steps may be performed by hardware components or may be embodied in machine-executable instructions, which may be used to cause a general-purpose or special-purpose processor programmed with the instructions to perform the steps. Alternatively, steps may be performed by a combination of hardware, software, and firmware and/or by human operators.
[00043] Embodiments of the present invention may be provided as a computer program product, which may include a machine-readable storage medium tangibly embodying thereon instructions, which may be used to program a computer (or other electronic devices) to perform a process. The machine-readable medium may include, but is not limited to, fixed (hard) drives, magnetic tape, floppy diskettes, optical disks, compact disc read-only memories (CD-ROMs), and magneto-optical disks, semiconductor memories, such as ROMs, PROMs, random access memories (RAMs), programmable read-only memories (PROMs), erasable PROMs (EPROMs), electrically erasable PROMs (EEPROMs), flash memory, magnetic or optical cards, or other type of media/machine-readable medium suitable for storing electronic instructions (e.g., computer programming code, such as software or firmware).
[00044] Various methods described herein may be practiced by combining one or more machine-readable storage media containing the code according to the present invention with appropriate standard computer hardware to execute the code contained therein. An apparatus for practicing various embodiments of the present invention may involve one or more computers (or one or more processors within a single computer) and storage systems containing or having network access to computer program(s) coded in accordance with various methods described herein, and the method steps of the invention could be accomplished by modules, routines, subroutines, or subparts of a computer program product.
10
[00045] If the specification states a component or feature “may”, “can”, “could”, or “might” be included or have a characteristic, that particular component or feature is not required to be included or have the characteristic.
[00046] As used in the description herein and throughout the claims that follow, the meaning of “a,” “an,” and “the” includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of “in” includes “in” and “on” unless the context clearly dictates otherwise.
[00047] Exemplary embodiments will now be described more fully hereinafter with reference to the accompanying drawings, in which exemplary embodiments are shown. These exemplary embodiments are provided only for illustrative purposes and so that this disclosure will be thorough and complete and will fully convey the scope of the invention to those of ordinary skill in the art. The invention disclosed may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. Various modifications will be readily apparent to persons skilled in the art. The general principles defined herein may be applied to other embodiments and applications without departing from the spirit and scope of the invention. Moreover, all statements herein reciting embodiments of the invention, as well as specific examples thereof, are intended to encompass both structural and functional equivalents thereof. Additionally, it is intended that such equivalents include both currently known equivalents as well as equivalents developed in the future (i.e., any elements developed that perform the same function, regardless of structure). Also, the terminology and phraseology used is for the purpose of describing exemplary embodiments and should not be considered limiting. Thus, the present invention is to be accorded the widest scope encompassing numerous alternatives, modifications and equivalents consistent with the principles and features disclosed. For purpose of clarity, details relating to technical material that is known in the technical fields related to the invention have not been described in detail so as not to unnecessarily obscure the present invention.
[00048] Thus, for example, it will be appreciated by those of ordinary skill in the art that the diagrams, schematics, illustrations, and the like represent conceptual views or processes illustrating systems and methods embodying this invention. The functions of the various elements shown in the figures may be provided through the use of dedicated hardware as well as hardware capable of executing associated software. Similarly, any switches shown in the figures
11
are conceptual only. Their function may be carried out through the operation of program logic, through dedicated logic, through the interaction of program control and dedicated logic, or even manually, the particular technique being selectable by the entity implementing this invention. Those of ordinary skill in the art further understand that the exemplary hardware, software, processes, methods, and/or operating systems described herein are for illustrative purposes and, thus, are not intended to be limited to any particular named element.
[00049] Each of the appended claims defines a separate invention, which for infringement purposes is recognized as including equivalents to the various elements or limitations specified in the claims. Depending on the context, all references below to the "invention" may in some cases refer to certain specific embodiments only. In other cases it will be recognized that references to the "invention" will refer to subject matter recited in one or more, but not necessarily all, of the claims.
[00050] All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g., “such as”) provided with respect to certain embodiments herein is intended merely to better illuminate the invention and does not pose a limitation on the scope of the invention otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the invention.
[00051] Various terms as used herein are shown below. To the extent a term used in a claim is not defined below, it should be given the broadest definition persons in the pertinent art have given that term as reflected in printed publications and issued patents at the time of filing.
[00052] The present disclosure mainly relates to a network connected system for collectibles trading, and more particularly to a system for collectibles trading that is configured to be accessed by a computing device through an interface such as a web interface or a mobile application, while allowing for grading and valuation of various collectibles by using any or a combination of user inputs and appraiser’s inputs
[00053] In an aspect, the present disclosure relates to a network enabled system for trading of a collectible of a seller, said system comprising a non-transitory storage device having embodied therein one or more routines operable to facilitate trading of the collectible; and one or more processors coupled to the non-transitory storage device and operable to execute the one or more routines, wherein the one or more routines include a grading and valuation module, which
12
when executed by the one or more processors, can grade and associate a value to the collectible based on evaluation of the collectible by an appraiser, wherein the collectible is owned by seller of the collectible; and a listing and trading module, which when executed by the one or more processors, can list the collectible along with the grade issued by the appraiser and the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
[00054] In an aspect, the grading and valuation module can be configured to determine the grade and the value of the collectible based on any or a combination of a functional category to which the collectible pertains, seller attributes, era to which the collectible pertains, antiquity, historical background, and rarity. In another aspect, the seller, while listing the collectible, can either present the value given by the appraiser or any other self-determined price, wherein when the value given by the appraiser is listed, an indication indicating that the value is given by the appraiser can be presented.
[00055] In another aspect, when the value of the collectible is higher than a defined threshold, selling price of the value can be hidden and communicated to the one or more potential buyers on request. In another aspect, the system can be configured to keep details of the seller as hidden till conclusion of the sale of the collectible. In another aspect, the system can enable the seller to auction the collectible after listing the minimum price to the value associated by the appraiser. In another aspect, the system can display credentials of the appraiser to the seller and/or the buyer.
[00056] The present disclosure further relates to a method for trading a collectible of a seller, said method comprising the steps of grading and associating a value to the collectible based on evaluation of the collectible by an appraiser, and wherein the collectible is owned by seller of the collectible; and listing the collectible along with the grade issued by the appraiser and the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
[00057] In an aspect, the proposed system enables one or more collectibles to be listed on a user interface (such as a web interface or mobile application or any other configured interface),
13
wherein selling price of a collectible being listed can be automatically hidden by proposed system if the selling price is above a pre-determined threshold.
[00058] In another aspect, a buyer seeking to buy an antique whose selling price is below pre-determined threshold price can be enabled to buy the antique using an e-commerce based transaction means such as online transaction or cash on delivery or any other known payment means.
[00059] In an aspect, in case a potential buyer shows interest in an item with no selling price shown, proposed system can enable the buyer to get the selling price on his e-mail id and further complete the purchase, said purchase involving steps of physical inspection of the item, concluding sale via normal e-commerce channels (such as banking channels) and advise and payment of any taxes incurred by any party. For physical inspection, proposed system can book a time slot for the same by coordinating between the buyer and the seller. In an aspect, at his/her option/discretion, buyer can remove step of physical inspection.
[00060] In an aspect, the proposed system can enable a seller to compute/determine the value and significance of a collectible he/she has, and provide him a market place. For this purpose, the collectible can be provided a grading and a valuation either automatically by proposed system or incorporating additional inputs from expert appraisers. This can be of particular use and interest to people who are not professional antique traders but have antiques at home of which they do not know market value and significance, neither do they have access to an appropriate market place to sell their antiques. Thus, unlike other trading platforms where it is very easy for a buyer to get cheated with fake and no value items and likewise, for an inexperienced seller, to sell his antique much below its optimal price, proposed system assures genuineness of transactions.
[00061] In another aspect, a seller wanting his/her item to be graded and rated can request for same using proposed system, wherein the proposed system can provide such ratings using technology as well as expert services. Stickers representing such rating / grading as appropriate can be pasted on listing of said item at the system website.
[00062] In an aspect, sellers’ and/or buyers’ identities for transactions using proposed system can be hidden.
[00063] Using the proposed system, such people can sell their antiques to hobby lovers as well as collectors etc. to create wealth for themselves as well as tax revenues for the government.
14
Proposed system can help a person declare his antiques in his wealth tax return with correct value on which to pay wealth tax. Sale of antiques takes place through proper banking channels and allows of payment of various taxes such as sales tax and income tax to appropriate government agencies.
[00064] In an aspect, proposed system can enable various discussion forums and knowledge portals where users can have their doubts and queries addressed by experts / appraisers in relevant field. Services of experts can be availed on a paid basis as well as free at their option.
[00065] In another aspect, the proposed system can provide educational programs and/or trainings for users so interested. In yet another aspect, proposed system can enable its users to earn additionally by referring other people to its website. In another aspect, the proposed system can organize web based exhibitions for trading in various collectibles where each collectible can be evaluated and appraised via experts, and can be listed on the interface provided by the proposed system along with the evaluated/appraised grading/value. Both buyers and sellers can be assured of genuineness and conditions of item as well as its fair value before taking a decision either to buy or sell an antique. Thus, an optimum and genuine trade can be held while avoiding a network of cheaters that often participate in such exhibitions whether offline or online.
[00066] Various objects, features, aspects and advantages of the present disclosure will become more apparent from the following detailed description of preferred embodiments, along with the accompanying drawing figures in which like numerals represent like features.
[00067] FIG. 1 illustrates exemplary architecture of the proposed system to illustrate its overall working in accordance with an exemplary embodiment of the present disclosure.
[00068] In an aspect, at least a part of the proposed system (hereinafter termed interchangeably as system) can be configured at a server/cloud that is accessible via any Internet enabled device such as a computer, laptop, mobile device, tablet and the like, through an appropriate interface such as a web interface and/or a mobile application. In another aspect, relevant modules of proposed system can be configured as a mobile application that can be made available to public at large by means well-known such as google play store or apple app store etc. The application can be free or paid and can be downloaded on a mobile device using which a user can use proposed system.
15
[00069] In an aspect, the proposed system can enable a plurality of sellers (shown as seller 102-1, seller 102-2, seller 102-3…seller 102-n), buyers (shown as buyer 114-1, buyer 114-2, buyer 114-3…buyer 114-n ) to trade in collectibles ( the term collectibles being used interchangeably with items and antiques herein) while appraisers (shown as appraiser 116-1, appraiser 116-2..appraiser 116-n ) can provide proper grading and valuation to such collectibles. It can be appreciated that sellers and buyers can include potential sellers and potential buyers and the terms are meant to include those as well. Further, a seller can also use system proposed as a buyer and vice-versa.
[00070] In another aspect, proposed system can interface with financial institutions (shown as 122) such as Banks to facilitate financial transactions using methods well known in the art. In yet another aspect, proposed system can interface with Governmental Agencies (illustrated as 124) such as Sales Tax, Wealth Tax and income tax authorities for taxation related aspects of transactions processed through proposed system.
[00071] In an aspect, any of sellers, buyers and appraisers can access the system using any Internet enabled device and corresponding networks. For example, seller 102-2 can access the system using a laptop 104-2 via network 106, buyer 114-3 can access the system using PC 112-3 via network 110, and appraiser 116-1 can access the system using mobile phone 118-1 and network 120.
[00072] In another aspect, a seller 102-2 can access the system using his laptop 104-2 via network 106 and can list his collectible that he wants to sell. He can also request for a grading and valuation of the collectible either before the listing or after it. The system can accordingly generate a first questionnaire, collect seller 102-2’s responses on it, and pass such responses to an appropriate appraiser 116-1 on his mobile device (or any other configured computing device). Appraiser 116-1 can ask generate a second questionnaire based upon seller’s responses to the first questionnaire and the appraiser’s skills, knowledge and experience for further inputs from user. System proposed can get the seller’s responses to the second questionnaire and based upon the responses to the first questionnaire and that to the second questionnaire, can determine the grading and valuation of the collectible.
[00073] In an exemplary embodiment, the system proposed can send the seller’s responses to the second questionnaire to appraiser 116-1 who can then determine the grading and valuation of the collectible. It would be appreciated that such a questionnaire can also be
16
obtained/discussed over the phone/cellular means for a more efficient valuation determination. However, for efficient recordal purposes, email/written confirmation for one or more subjective/objective assessment questions can also be provided/undertaken.
[00074] In an aspect, the system can send valuation of a collectible to its seller so that he may get optimal price for the collectible. In another aspect, the listing of the collectible at the website can be associated with a sticker according to its grading and the sticker can be displayed along with the collectible at the system’s website, thereby giving potential buyers extra assurance about the condition and authenticity of the collectible.
[00075] In yet another aspect, upon completion of a sale, proposed system can calculate taxes on a sale as per prevalent government policies, advise them to both buyer and seller, and enable them to pay the taxes In exemplary embodiments, proposed system can calculate wealth tax, sales tax, capital gains tax etc. as appropriate and enable their payment from buyer or seller before allowing delivery of item sold to the buyer. In yet another exemplary embodiment, proposed system can generate necessary certificates for taxation purposes after payment of taxes.
[00076] FIG. 2 illustrates functional modules of proposed system, in accordance with an exemplary embodiment of the present disclosure.
[00077] In an aspect, proposed system enables trading of collectibles / antiques by linking people interested in buying them with those interested in selling them. In an embodiment, proposed system can be configured as a website (interchangeably termed as online trading platform) that is accessible using any Internet-enabled device.
[00078] In an aspect, proposed system can include a users module 202, listings and trading module 204, grading and valuation module 206, forums module 208, certification module 210, referrals module 212, exhibitions module 214, and interfaces module 216. In an aspect, one or more modules of the present invention can be configured at a web server, and can be accessed by any Internet enabled device. Proposed system can also be configured as a mobile application that can enable a user to access website of system disclosed on a mobile/smart device.
Users module 202
[00079] In an aspect, users module 202 can enable a user to register himself/herself with the proposed system and use its one or more features and functions as elaborated herein, employing registration and authentication techniques well known in the art.In another aspect, users module 202 can enable a registered user to define his/her role on the system. Such role can
17
be any or a combination of buyer, seller (interchangeably termed as vendor herein), or an appraiser. It can be readily understood that buyers includes potential buyers and likewise, sellers include potential sellers and the terms are used interchangeably.
[00080] In another aspect, users module 202 can enable system administrators to create a panel of learned and experienced appraisers(interchangeably termed as industry experts herein) after contacting such people and taking their approval. Such appraisers can be people well-known and well-regarded in grading/rating and valuation of different kinds of collectibles /antiques and be able to correctly grade/rate and value a collectible per their field of expertise without any bias.
[00081] In an exemplary embodiment, such appraisers can have expertise in different fields such as, but not limited to sports memorabilia, paintings, jewelry, chinaware, silverware, watches, carpets, tribal art, playing cards, comics, classic cars, coins and banknotes, sculptures, firearms, stamps, postcards, vintage fashion, scientific instruments, Russian art, Faberge eggs etc.
Listings and trading module 204
[00082] In an aspect, listing and trading 204 can enable a seller to display various features of an item he wishes to sell at website of proposed system, such a display being interchangeably termed as a listing. Such features may include, but are not limited to photos, specifications, historical context, applications, materials used in item to be sold, present location of the item, past buying / selling history, expected price and the like. Proposed system can make some of this information compulsory and other optional. In an exemplary embodiment, price, location and at least one photo can be made compulsory and a free form field provided to seller to provide any other information he wishes to.
[00083] In an aspect, listing and trading module 204 can enable a seller to list his/her item in a relevant category of collectibles for proper listing. In an exemplary embodiment, such categories can include, but are not limited to sports memorabilia, paintings, jewelry, chinaware, silverware, watches, carpets, tribal art, playing cards, comics, classic cars, coins and banknotes, sculptures, firearms, stamps, postcards, vintage fashion, scientific instruments, Russian art, Faberge egg etc.
[00084] In yet another aspect, system administrators of proposed system can create / delete/ merge categories as elaborated above as required, using listing and trading module 204.
18
[00085] In another aspect, listing and trading module 204 can enable a seller to create an auction for an item he wishes to sell. In such an option, proposed system can allow the seller to indicate he/she wants to auction his/her item and then enable auction features for the item. Such auction features can include, but are not limited to, minimum selling price, incremental bid steps, date auction closes or period it remains open, any other relevant terms and conditions; and the like.
[00086] In yet another aspect, listing and trading module 204 can enable a seller to mask his identity (that is, remain confidential) and then only reveal his identity to buyer/successful bidder to facilitate completion of transaction. Likewise, listing and trading module 204 can enable a buyer to mask his identity until the sale is complete. This can enable high security and prevent web crimes.
[00087] In another aspect, listing and trading module 204 can hide the selling price of an item at the option of seller. In yet another aspect, listing and trading module 204 can automatically hide the selling price of an item if its selling price is above a pre-determined threshold value that can be set by listing and trading module 204. In an exemplary embodiment, such threshold value can be, for example, INR 50000.
[00088] In an aspect, listing and trading module 204 can enable a buyer to purchase an item listed to be sold by placing an order for it / booking it and then paying price for it within a pre-determined time using Internet-enabled payment techniques well known in the art, after which the seller can dispatch the item direct to the buyer. For the purpose, interfaces module 216 can provide appropriate user interfaces, authentication techniques, server side connections with corresponding financial institutions and the like to facilitate such payments. Upon receipt of payment, listing and trading module 204 can enable delivery of the item to the buyer using techniques and methods well known in the art.
[00089] In another aspect, in case seller has created an auction for item he wants to sell, listing and trading module 204 can, at the end of auction period, determine the successful buyer (interchangeably termed as a bidder in case of an auction) and then enable the buyer to pay amount per successful bid as above.
[00090] In an aspect, listing and trading module 204 can, at the option of seller, enforce a buyer to deposit a predetermined amount with the proposed system before the buyer can book an
19
item or a bidder’s bid for an item is considered. This can avoid false buyers or bidders since they stand to lose amounts deposited by them in the event they do not complete the transaction.
[00091] In another aspect, for items whose selling price is not disclosed, proposed system can enable a potential buyer to get its price from seller via verifiable methods such as on his registered e-mail id/ mobile device from buyer’s registered e-mail id/mobile device, or into his private chat and then further proceed with completion of sale in case he/she is interested in the item at that price.
[00092] In another aspect, listing and trading module 204 can enable the potential buyer to ask for additional steps before concluding the sale. Such further steps can include, but are not limited to, getting additional details from seller not shown in his item listing, physical inspection of item, getting an appraiser of proposed system to grade/rate the item etc. For physical inspection, proposed system can book a time slot for same by coordinating between buyer and seller. In yet another aspect, at his option, buyer can remove any or all of these additional steps.
[00093] In this fashion, proposed system can enable a buyer to request for price and physical verification on high value items thus giving him more confidence consequent to his seeing, touching, checking and testing the item.
[00094] In an aspect, once a buyer has decides he/she wants to purchase an item, listing and trading module 204 can enable him to purchase the item using normal e-commerce techniques and banking channels etc. interfaces module 216 can provide him necessary interfaces for the purpose.
[00095] In an aspect, listing and trading module 204 can enable an electronic wallet for a seller wherein proceeds of his sales transaction can be kept. At his option, seller can use such proceeds for buying other collectibles at the website of proposed system (wherein his role changes to that of a buyer, aspects of a buyer’s role remaining same as elaborated herein). Likewise, an electronic wallet for a buyer can be enabled. This can allow users to trade in collectibles without using external financial institutions, till such time as they wish to.
[00096] In yet another aspect, listing and trading module 204 can calculate taxes on a sale as per prevalent government policies, advise them to both buyer and seller, and enable them to pay the taxes using interfaces module 216 that provides various user interfaces, server side connections etc. known in the art for payment of taxes. In exemplary embodiments, listing and trading module 204 can calculate wealth tax, sales tax, capital gains tax etc. as appropriate and
20
enable their payment from buyer or seller before allowing delivery of item sold to the buyer. In yet another exemplary embodiment, listing and trading module 204 can generate necessary certificates for taxation purposes after payment of taxes.
[00097] In yet another aspect, listing and trading module 204 can calculate and advise such taxes before sale is concluded to enable potential buyer / seller take a final decision accordingly.
[00098] In an aspect, listing and trading module 204 can ask and get from any of buyer and seller any additional information required for it to enable calculation of such taxes. In an exemplary embodiment, listing and trading module 204 can get from a seller his acquisition price of a collectible being listed by him as well as financial year the collectible was acquired and calculate capital gains tax accordingly, when the collectible is sold. In yet another aspect, listing and trading module 204 can require users module 202 to get this information from seller at the time he is listing his item to be sold.
[00099] In another aspect, listing and trading module 204 can enable a seller to generate a request that his item be graded/rated/valued by an expert appraiser, either before or after listing. Listing and trading module 204 can further send this request to grading and valuation module 206 that can take further actions as elaborated herein and provide a grading to the listed item.
[000100] In an aspect, listing and trading module 204 can display each item listed in form of a product card. Each product card can display any or a combination of item details as provided by a seller and grading of the item, determined as elaborated herein.
[000101] In another aspect, listing and trading module 204 can enable a scrollable display of different product cards. Each product card can carry item details such as price, features, photos and gradings where available.
[000102] In an aspect, listing and trading module 204 can enable a user to make a scrollable display of product cards according to different parameters that can be but not limited to categories, prices, era etc. Product cards per such parameters can be displayed and a user can see prices, gradings and other information as provided for different collectibles / antiques in relation to each other in a quick, appealing format. If the user is a buyer he can take buying decisions accordingly.
21
Grading and valuation module 206
[000103] In an aspect, grading and valuation module 206 can receive grading and valuation request (interchangeably termed only as grading request) from listing and trading module 204. As said above, such a request can be generated by a seller either before, during, or after listing his item. Upon receiving such request, grading and valuation module 206 can automatically ask relevant questions from seller depending upon category of item, get answers from the seller and pass the request with such information to an appropriate appraiser depending upon category of item. Such questions can be configured to elicit information from the seller regarding condition and authenticity of item he/she has listed.
[000104] In another aspect, grading and valuation of an item can depend upon various parameters including, but not limited to its condition, category, era, antiquity, historical background, rarity (similar items in existence) etc.
[000105] In an aspect, various categories of condition of a collectible can be, for example, brand new (could have shelf wear/torn packaging.), like new (still sealed in their package), mint (used but in perfect condition with no flaws), near mint (very few flaws/scratches/chips etc.), excellent condition (used sparingly with few flaws), very good (not outstanding, multiple flaws, maybe even a major flaw or two), good (lot of flaws), fair (lot of flaws), poor (lot of flaws, may not work, may not have a resalable value , may require some restoration) etc. Likewise, there can be categories of other parameters affecting grading of the item.
[000106] In another aspect, using grading and valuation module 206, the appraiser can ask further questions based upon his skills, knowledge and experience to seller of the item and get responses from the seller that the appraiser can further evaluate based upon his skills, knowledge and experience. Such questions can be configured to elicit further information from the seller regarding condition and authenticity of item he/she has listed. Considering seller’s responses to automatically asked questions as well as the seller’s responses to appraiser’s questions based upon the appraiser’s skills, knowledge and experience, grading and valuation module 206 can automatically evaluate all responses and can automatically allocate a grading and a valuation to the item or can enable the appraiser to allocate a grading and a valuation to the item.
[000107] In an aspect, the appraiser’s services can be provided free or on a chargeable basis to the seller. Grading and valuation module 206 can advise such details to the seller and if ona chargeable basis, can enable payment of appraiser’s charges using techniques known in the art.
22
[000108] In an aspect, grading and valuation module 206can automatically associate a sticker with listing of an item at proposed system’s website, said sticker indicating thegrading allocated to the item by any or a combination of the appraiser or automatically by the system. The associated sticker can be displayed along with the item at the system’s website.
[000109] In an exemplary embodiment, for an item belonging to chinaware category, grading and valuation module 206 can send grading request to an appraiser expert in chinaware. Likewise, for a grading request for an item belonging to Faberge eggs category, grading and valuation module 206 can send the grading request to a Faberge eggs appraiser.
[000110] In another aspect, after the concerned appraiser has evaluated an item whose grading request was received by him, grading and valuation module 206 can enable him to allocate a sticker representing his rating /grading to the item and then send this sticker to users module 202 that can associate the said sticker with listing of the item at proposed system’s website. Any other user can view the associated sticker to know the item’s grading.
[000111] In an exemplary embodiment, for an item graded in “Mint condition” by its appraiser, grading and valuation module 206 can associate a “Mint condition” sticker with listing of the item at proposed system’s website.
[000112] In another exemplary embodiment, for an item graded in “Excellent condition” by its appraiser, grading and valuation module 206 can associate a “Excellent Condition” sticker with listing of the item at proposed system’s website.
[000113] As elaborated above, grading and valuation module 206 can automatically evaluate all responses and can automatically allocate a grading and a valuation to the item or can enable the appraiser to allocate a grading and a valuation to the item. This can enable the seller to set an optimum selling price of his item. In another aspect, grading and valuation module 206 can enable only grading of item to be associated with sticker and not its valuation. In this way, the item’s valuation can remain only with the seller and not be displayed publicly. In an aspect, the seller can, if he so desires, add a selling price to his listed item in accordance with its valuation so that only relevant buyers attempt a purchase. In yet another aspect, the seller can, as already elaborated, create an auction for the item, taking minimum selling price to be the valuation of the item. It can be readily appreciated that there can be numerous possibilities on how seller uses the valuation of the item and all such possibilities are part of the present disclosure.
23
[000114] In this fashion, proposed system can enable a seller to know value and condition / significance of antiques he/she has, while at the same time providing him a market place for such antiques. At the same time, potential buyers can be assured of condition and authenticity of an item listed by a seller. This can be of particular use and interest to people who are not professional antique traders but have antiques at home of which they do not know market value and significance, neither do they have access to an appropriate market place to sell their antiques. Using proposed system, such people can sell their antiques to hobby lovers as well as collectors etc. to create wealth for themselves as well as tax revenues for the government, thereby converting their “waste” items into saleable assets. At the same time, buyers can be assured of genuineness and condition of item they are thinking of buying.
[000115] It would appreciated that along with a subjective assessment of an article through a grade/rating, it is very much possible for the appraiser also to be requested to associate a defined value in monetary terms that he feels to be fit for the article in context.
Forums and experts module 208
[000116] In an aspect, using forums and experts module 208, system administrator(s) of the proposed system can create one or more discussion forums in which users of proposed system can share their knowledge and experience, besides having their doubts and queries answered by others more knowledgeable in doubt/query at hand. In an exemplary embodiment, a user can ask for history books pertaining to an antique that can then be provided to him by another user, on basis of which the antique’s significance and value can be properly assessed. In this fashion, proposed system can enable skill development and learning of its users- whether buyers or sellers.
[000117] In an aspect, appraisers (also termed as industry experts herein) can also take part in the various forums either on their own or upon invitation by a user / system administrator. An appraiser can be nominated as moderator by system administrator of a discussion forum on the appraiser’s field of specialty, thereby making available a high level of skill, knowledge and experience to all forum members.
[000118] In an aspect, forums and experts module 208 can enable a knowledge portal that can be accessed by all users as well as appraisers and enable mutual interactions amongst all these wherein they can share their wisdom along with history of the rarest antiques. Short
24
profiles of various appraisers can be displayed and any user can get through knowledge on collectibles / antiques/ items of interest to him by connecting to relevant industry experts.
[000119] In another aspect, forums and experts module 208 can enable paid services of appraisers as well. In this service, profiles of various appraisers can carry rates for their services, a user can send his specific query along with all details available with him to an appraiser, the appraiser can revert with a quote for resolving queries to the user. If the user accepts his charges, forums and experts module 208 can enable him to pay the same to the appraiser and thereafter the appraiser can resolve his query.
[000120] In an aspect, forums and experts module 208 can enable services of appraisers to predict future value of present /near present items and not only the present value of antiques. In an exemplary embodiment, a user may have a special edition coin released only five years ago and he may be interested in knowing its possible value fifty years hence.
Certification module 210
[000121] In an aspect, module 210 can enable proposed system’s administrator(s) to provide various educational programs to users so interested. Content of such courses can be distributed online and successful participants can be provided certificates that can help them in gaining useful employment, besides gaining technical knowledge of various items, techniques and technologies therein etc.
[000122] In another aspect, certification module 210 can automatically put appropriate certification stickers on profile of such user’s who have completed corresponding certification programs
[000123] Presently, such courses are offered only via foreign institutions and colleges that charge high fees for people to earn a degree / certificate qualifying them as an antique expert. Being web enabled with global availability at all times, proposed system can offer such educational programs at very low cost. People already in sale / purchase of antiques can develop their knowledge further and with little further efforts can make their trading a regular profession. In this fashion, a new pool of skilled resources in a field where none / few exist presently can be created.
Referrals module 212
[000124] In an aspect, referrals module 212 can enable users of proposed system to earn additional revenue by referring/ encouraging other people to register with and use the proposed
25
system and thereby earning referral fees. Such people can be buyers or sellers (or both – viz traders).
[000125] In an aspect, the referral fee can include, but not limited to, any or a combination of one-time referral fee, a fixed referral fee depending upon percentage of revenue generated by proposed system through the referee, as sliding scale referral fee depending upon percentage of slabs of revenue generated by proposed system through the referee during a pre-determined time period, and the like.
Exhibitions module 214
[000126] In an aspect, exhibitions module 214enables proposed system to organize web-based exhibitions for sales of collectibles and antiques as elaborated herein. Each item listed can be evaluated and appraised via experts and listing provided with stickers accordingly. Both buyers and sellers can be assured of genuineness and condition of item as well as its fair value before taking a decision either to buy or sell an antique. In this way, optimum and genuine trade can be held.
[000127] This can avoid a network of expert cheaters from preying upon inexperienced and less knowledgeable buyers and sellers wherein an inexperienced seller can sell his item at a much lower than optimum price and a buyer can buy a item at a much higher than optimum price.
[000128] Simultaneously, exhibitions module 214 can enable exhibitions to be held in compliance with legal requirements, including that of local as well as global taxation.
Interfaces module 216
[000129] In an aspect interfaces module 216 can provide various interfaces for operation of proposed system. Such interfaces can include, but are not limited to user interfaces for logging and authentication, interfaces to enable a user to interact with external agencies such as banks and tax authorities for payment and taxation purposes.
[000130] FIG. 3 illustrates an exemplary flow diagram for a method 300 for grading and valuing an item, in accordance with an exemplary embodiment of the present disclosure.
[000131] As illustrated, method disclosed can include, at step 302, enabling a seller to generate a grading and valuation request.
26
[000132] At step 304, method disclosed can include generating a first questionnaire and sending the first questionnaire to the seller and at step 306, method disclosed can include receiving the seller’s responses to the first questionnaire and storing them.
[000133] At step 308, method disclosed can include sending the seller’s responses to the first questionnaire to an appraiser while at step 310, method disclosed can include enabling the appraiser to prepare a second questionnaire.
[000134] At step 312, method disclosed can include sending the second questionnaire to the seller and at step 314, method disclosed can include receiving the seller’s responses to the second questionnaire and storing them.
[000135] At step 316 method disclosed can include determining item grading and item valuation on basis of the seller’s responses to the first questionnaire and the seller’s responses to the second questionnaire.
[000136] At step 318, method disclosed can include associating a sticker corresponding to the item grading with the listing of the item at the system’s website.
[000137] At step 320, method disclosed can include sending the item valuation to the seller.
[000138] FIG. 4A and FIG. 4B and FIG. 4C illustrate examples of working of the present disclosure, in accordance with an exemplary embodiment of the present disclosure.
[000139] As illustrated in FIG. 4A, proposed system can enable a seller 402 to send a request for his item to be listed with no price and system can accordingly list the item at its website. Buyer 406 can ask additional details for the item and his request can be passed via system 404 to seller 402. Seller 402 can in turn provide these details via system 404 to buyer 406. Buyer 406 can inturn decide to purchase the item and send order intimation via system 404 to seller 402. Buyer 406 can process payment for same using bank 408. Upon completion of payment processing, bank 408 can send a payment received intimation to system 404 for onward transmittal to seller 402. Upon receipt of the payment received intimation, seller 402 can directly dispatch the item to buyer 406.
[000140] As illustrated in FIG. 4B, proposed system can enable seller 432 to request for his item to be graded at valued. Upon receiving such request, system 434 can automatically generate and send a first questionnaire to seller 432. Seller 432 can send his response to system 434 that can in turn send the response to an appraiser 436. Appraiser 436 can in turn prepare a second questionnaire that can be sent to seller 432 via system 434. Seller 432’s response to the second
27
questionnaire can be sent via system 434 to appraiser 436. Based upon seller 432’s responses to the first questionnaire and the second questionnaire, appraiser 436 can provide grading and valuation of the item that can be sent via system 434 to seller 432.
[000141] FIG. 4C illustrates a situation where seller decides to auction his item. Proposed system can enable a seller 462 to generate a request to list his/her item with minimum selling price and an auction period. System 464 can accordingly list the item at its website. Various buyers such as Buyer 1, Buyer 2 and Buyer 3 can bid for the item. At end of auction period, system 464 can determine that bid of buyer 3 is successful and send order intimation to seller 402. In an exemplary embodiment, a successful bid can be the highest bid. System 464 can advise buyer 3 to deposit payment. Buyer 3 can send a payment processing request to bank 468 and, upon completion of payment processing, bank 468 can send payment received intimation to system 464 that can in turn pass such intimation to seller 462. Seller 462 can accordingly dispatch the item to buyer 3.
[000142] While the exemplary embodiment has been elaborated above using male gender for buyers, sellers and appraisers, it can be readily understood that proposed system applies to any gender. Further, while examples have been provided using one collectible, likewise system proposed can be applied to a plurality of collectibles.
[000143] While some embodiments of the present disclosure have been illustrated and described, those are completely exemplary in nature. The disclosure is not limited to the embodiments as elaborated herein only and it would be apparent to those skilled in the art that numerous modifications besides those already described are possible without departing from the inventive concepts herein. All such modifications, changes, variations, substitutions, and equivalents are completely within the scope of the present disclosure.The inventive subject matter, therefore, is not to be restricted except in the spirit of the appended claims.
[000144] Moreover, in interpreting both the specification and the claims, all terms should be interpreted in the broadest possible manner consistent with the context. In particular, the terms “comprises” and “comprising” should be interpreted as referring to elements, components, or steps in a non-exclusive manner, indicating that the referenced elements, components, or steps may be present, or utilized, or combined with other elements, components, or steps that are not expressly referenced. Where the specification claims refers to at least one of something selected
28
from the group consisting of A, B, C ….and N, the text should be interpreted as requiring only one element from the group, not A plus N, or B plus N, etc.
[000145] The foregoing description of the specific embodiments will so fully reveal the general nature of the embodiments herein that others can, by applying current knowledge, readily modify and/or adapt for various applications such specific embodiments without departing from the generic concept, and, therefore, such adaptations and modifications should and are intended to be comprehended within the meaning and range of equivalents of the disclosed embodiments. It is to be understood that the phraseology or terminology employed herein is for the purpose of description and not of limitation. Therefore, while the embodiments herein have been described in terms of preferred embodiments, those skilled in the art will recognize that the embodiments herein can be practiced with modification within the spirit and scope of the appended claims.
ADVANTAGES OF THE INVENTION
[000146] The present disclosure provides for a system that enables trading in collectibles based upon correct grading and valuation of such collectibles, and is available globally at all times.
[000147] The present disclosure provides for a system as above that enables sellers and / or buyers to retain their anonymity until a sale is complete.
[000148] The present disclosure provides for a system as above that enables its users to gather skills in proper grading and valuation of collectibles so as to trade optimally in them.
[000149] The present disclosure provides for a system as above that eliminates loss of tax revenue to the government.

We Claim:
1. A network enabled system for trading of a collectible of a seller, said system comprising:
a non-transitory storage device having embodied therein one or more routines operable to facilitate trading of the collectible; and one or more processors coupled to the non-transitory storage device and operable to execute the one or more routines, wherein the one or more routines include: a grading and valuation module, which when executed by the one or more processors, grades and associates a value to the collectible based on evaluation of the collectible by an appraiser, and wherein the collectible is owned by seller of the collectible; and a listing and trading module, which when executed by the one or more processors, lists the collectible along with the grade issued by the appraiserand the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
2. The system of claim 1, wherein the grading and valuation module determines the grade and the value of the collectible based on any or a combination of a functional category to which the collectible pertains, seller attributes, era to which the collectible pertains, antiquity, historical background, and rarity.
3. The system of claim 1, wherein the seller, while listing the collectible, either presents the value given by the appraiser or any other self-determined price, wherein when the value given by the appraiser is listed, an indication indicating that the value is given by the appraiser is presented.
4. The system of claim 1, wherein when the value of the collectible is higher than a defined threshold, selling price of the value is hidden and communicated to the one or more potential buyers on request.
30
5. The system of claim 1, wherein the system is configured to keep details of the seller as hidden till conclusion of the sale of the collectible.
6. The system of claim 1, wherein the system enables the seller to auction the collectible after listing the minimum price to the value associated by the appraiser.
7. The system of claim 1, wherein the system displays credentials of the appraiser to the seller and/or the buyer.
8. A method for trading a collectible of a seller, said method comprising the steps of:
grading and associating a value to the collectible based on evaluation of the collectible by an appraiser, and wherein the collectible is owned by seller of the collectible; and listing the collectible along with the grade issued by the appraiser and the associated value for presentation to one or more potential buyers of the collectible, wherein the listing and trading module is further configured to enable at least one buyer of the one or more potential buyers to purchase or auction for the collectible.
9. The method of claim 8, wherein the grade and the value of the collectible is determined based on any or a combination of a functional category to which the collectible pertains, seller attributes, era to which the collectible pertains, antiquity, historical background, and rarity.
10. The method of claim 8, wherein the seller, while listing the collectible, either presents the value given by the appraiser or any other self-determined price, wherein when the value given by the appraiser is listed, an indication indicating that the value is given by the appraiser is presented.