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Computerized, multimedia, network, real time, interactive marketing and transactional system

  • US 5,664,111 A
  • Filed: 02/16/1994
  • Issued: 09/02/1997
  • Est. Priority Date: 02/16/1994
  • Status: Expired due to Term
First Claim
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1. A method for electronically executing transactions, comprising the steps of:

  • providing a for main computer with data and image storage and retrieval equipment adapted for use by a plurality of dealers;

    providing a plurality of for intelligent terminals each having data storage and retrieval equipment, at least one display screen and at least one input device, wherein each of said intelligent terminals is for use at one dealer location, and wherein said intelligent terminals communicate with said main computer;

    storing a plurality of electronic images of a work of art which is listed for sale by at least one of the dealers on the storage and retrieval equipment associated with said main computer;

    inputting data pertaining to characteristics about each said stored image and associating said input data with each corresponding stored image;

    inputting, by any of the dealers seeking a purchase through the purchasing dealer'"'"'s intelligent terminal, search criteria for selecting at least one of said stored electronic images for review;

    communicating said search criteria to said main computer;

    searching said corresponding input data to select stored electronic images meeting said input search criteria;

    communicating the selected stored electronic images and corresponding input data to the purchasing dealer'"'"'s intelligent terminal;

    displaying at least a portion of said selected stored electronic images on a display screen connected to the purchasing dealer'"'"'s intelligent terminal;

    inputting through the intelligent terminal a reservation for a work of art corresponding to at least one of the selected stored electronic images to prevent the completion of a sale transaction involving the work of art;

    displaying an indication of the reservation status of the work of art in conjunction with a display of the stored electronic image for the work of art at any of said intelligent terminals;

    inputting a purchase order to the intelligent terminal of the purchasing dealer for the work of art corresponding to the selected stored electronic image for which there is an indication of reservation to transact a purchase of said work of art;

    completing the purchase of the work of art by generating and communicating instructions through the main computer between the intelligent terminal of the dealer that listed the work of art and the intelligent terminal of the purchasing dealer; and

    displaying an indication of the sale of the work of art in conjunction with the display of the stored electronic image for the work of art at any of said intelligent terminals.

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