Consignment nodes

Details Consignment nodes Consignment nodes

1995-11-07

1998-12-01

Weinhardt, Robert A.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 27, G06F 1760

Patent

active

058452656

ABSTRACT:
A method and apparatus for creating a computerized market for used and collectible goods by use of a plurality of low cost posting terminals and a market maker computer in a legal framework that establishes a bailee relationship and consignment contract with a purchaser of a good at the market maker computer that allows the purchaser to change the price of the good once the purchaser has purchased the good thereby to allow the purchaser to speculate on the price of collectibles in an electronic market for used goods while assuring the safe and trusted physical possession of a good with a vetted bailee.

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Whitmore, S. "Business on the Net: the New Gold Rush", PC Week v12, n43, p. 106, Oct. 30, 1995.
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