Saturday, January 30, 2010

New Web Service for Stamp Collectors Being Developed

Britain's NeBusiness website reports, "Data Complexity Ltd. hopes to win a share of the multi-billion pound global stamp collecting market by supplying information to buyers and sellers using auction sites such as eBay."

Bill Shepherd from Data Complexity is quoted as saying “Using our software we can help collectors to know the true value of a particular stamp at low cost by providing real-time information on price, condition and trends in the market.

“We’re not aiming at high value stamps. These will be traded by stamp dealers in offices and auction houses as they always have. Our market is the millions of stamps bought each year by small collectors at around the £5 to £20 price that have spiraled significantly with the growth of ecommerce.

“Small collectors represent the vast majority of collectors but in the past the value of stamps bought has largely been set by the stamp houses selling them. We’ll change that by cutting out the middle man and helping to determine a true market rate.”

The software has taken Shepherd, a former engineer turned businessman, and colleagues at Newcastle University including Dr. Peter Peter Andras three years to develop. Customers will pay a subscription or on a pay-as-they-go basis to use the service according to the piece by reporter Iain Laing.

Shown above, Dr. Peter Andras and Bill Shepherd.

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM