Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Patent
1994-02-16
1997-09-02
McElheny, Jr., Donald E.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
G06F 1900
Patent
active
056641117
ABSTRACT:
The present invention includes a system and method of electronically executing transactions with a preprogrammed main computer having data and image storage and retrieval equipment. A plurality of electronic images of works of art which are for sale are created by at least one listing dealer and stored on the storage equipment associated with the main computer. Data is input about each stored image and input data is associated with each corresponding stored image. A plurality of preprogrammed intelligent terminals each having data storage and retrieval equipment, at least one display screen and at least one input device, located at at least one listing dealer location and at at least one buying dealer location communicate with the main computer. Search criteria are input through the intelligent terminals for selecting at least one of the stored electronic images for review. Selected images and corresponding data are communicated to the intelligent terminals and at least a portion of the selected electronic images are displayed. A reservation on at least one of the displayed electronic images can be made to prevent the completion of a sale transaction involving the artwork corresponding to the selected reserved electronic image. An indication of the reserve status of the work is displayed in conjunction with the display of the reserved work on any of the intelligent terminals. A buy order can be input on the intelligent terminals to transact a purchase of the artwork corresponding to the electronic image subject to the buy order. Instructions to complete the purchase are automatically generated and communicated to the intelligent terminals corresponding to the appropriate listing dealer and the appropriate buying dealer.
REFERENCES:
patent: 4972318 (1990-11-01), Brown et al.
patent: 4984155 (1991-01-01), Geier et al.
patent: 5025395 (1991-06-01), Nose et al.
patent: 5032989 (1991-07-01), Tornetta
patent: 5053956 (1991-10-01), Donald et al.
patent: 5109482 (1992-04-01), Bohrman
patent: 5179651 (1993-01-01), Taaffe et al.
patent: 5208745 (1993-05-01), Quentin et al.
patent: 5283731 (1994-02-01), Lalonde et al.
patent: 5291395 (1994-03-01), Abecassis
patent: 5301172 (1994-04-01), Richards et al.
patent: 5305200 (1994-04-01), Hartheimer et al.
patent: 5319542 (1994-06-01), King, Jr. et al.
patent: 5576951 (1996-11-01), Lockwood
News and Notes, "Videodisc", Videodisc and Optical Disk, vol. No. 4, Aug., 1985.
Corapcioglu Ahmet K.
Graham John D.
Lipman Alexander
Miller Robert H.
Nahan Kenneth
Honicorp, Inc.
McElheny Jr. Donald E.
LandOfFree
Computerized, multimedia, network, real time, interactive market does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Computerized, multimedia, network, real time, interactive market, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Computerized, multimedia, network, real time, interactive market will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-315493