METHOD AND RELATED APPARATUS FOR EXCHANGING FRACTIONAL INTERESTS IN A COLLECTION OF ASSETS
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United States of America Patent
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N/A
Issued Date -
Jan 27, 2011
app pub date -
May 7, 2010
filing date -
Jul 21, 2009
priority date (Note) -
Abandoned
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Abstract
Methods and systems are provided herewith for exchanging and rating works of art. A value for each of a plurality of portfolios of art owned by a plurality of participants is determined Each portfolio of art comprises one or more works of art. Ownership interests of the plurality of portfolios of art are pooled in a legal ownership entity having an initial total number of shares. For each participant, an initial participant value is determined based on the determined value of each portfolio of art owned by the respective participant. A respective quantity of shares of the legal ownership entity to each respective participant is determined based on the participant value determined for the participant. An indicia of the respective quantity of shares is transmitted to each respective participant. In various embodiments, participants may buy and sell usage and ownership interests in the portfolios of art.
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