Patent ID: 7647271

Claim:
A system for commodity valuation based on online auction bid information, comprising: an auction system to maintain information about a plurality of commodities, wherein each commodity is comprised of one or more items, and auction bids for each of the plurality of commodities; a bidding system to receive and enter the auction bid information for the plurality of commodities into the auction system; an offer processor system, comprising: a bid evaluator to identify the auction bid information that has been offered for each of the commodities while at auction online; a bid processor to determine an average offer for each commodity using the auction bid information from the auction, wherein the average offer is determined from a total number of offers for each commodity; a commodity evaluator comprising: an item information module to identify a total number of items for each commodity; a calculating module to obtain a quotient comprised of dividing the average offer for each commodity by the total number of items in the commodity; and a designator module to designate the quotient as an analyzed valuation for each commodity; a criteria definition module to define a criterion, wherein the criterion comprises the highest calculated quotient; and a commodity identifier to identify one or more commodities that have an analyzed valuation that satisfies the criterion; a display device to display the one or more commodities identified and their analyzed valuations; and a network communication system to operatively couple and provide communication between the offer processing system and the auction system and to operatively couple and provide communication between the auction system and the bidding system.