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

• Current Assignee: Elliot Capital LLC (Intellectual Ventures LLC)
• Original Assignee: Honicorp, Inc.
• Inventors: Miller, Robert H., Nahan, Kenneth, Lipman, Alexander, Corapcioglu, Ahmet K., Graham, John D., Nahan, Sherri, Osipou, Andrei
• Primary Examiner(s): McElheny, Jr., Donald E.
• Application Number:
  US08/197,863
• Time in Patent Office: 1,294 Days
• Field of Search: 364/401, 364/408, 395/154, 395/153, 395/161, 395/226, 395/227, 395/925, 395/934
• US Class Current: 705/26.8
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

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.

Claims

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.

2. A method according to claim 1 comprising the additional steps of:

providing at least one regionally located preprogrammed computer with data and image storage and retrieval equipment; and

establishing communication between said main computer and said regional computer to communicate at least some of said images and said corresponding data for storage on said storage equipment associated with said regional computer; and

establishing communication between said regional computer and at least one of said intelligent terminals to communicate at least some of said stored images and said corresponding data for display on said display associated with said at least one intelligent terminal.

3. A method according to claim 2 comprising the additional steps of:

selecting a plurality of images displayed on the display screen connected to said one of said intelligent terminals to create a portfolio; and

storing identification of said selected images locally for local selective access by said intelligent terminal.

4. A method according to claim 2 comprising the additional steps of:

selecting one of said images displayed on said at least one display screen connected to said one of said intelligent terminals;

inputting a command via said one of said intelligent terminals to request the display of biographical information regarding the artist of the work of art corresponding to said selected image;

communicating said command to one of said regional computers;

accessing any relevant biographical information with said regional computer and communicating said biographical information to said intelligent terminal; and

displaying said biographical information on one display screen connected to said intelligent terminal.

5. A method according to claim 4, wherein said biographical information includes a movie which can be selectively displayed on one display screen connected to said intelligent terminal.

6. A method according to claim 5 comprising the additional steps of:

providing at least two for intelligent terminals at each dealer location, wherein at least one of said intelligent terminals is used as a selling station; and

providing two display screens connected to each said selling station intelligent terminal, wherein one of said display screens is used to display images and is of a relatively large size.

7. A method according to claim 2, wherein said search criteria constitutes a random number to randomly select a plurality of said electronic images for display.

8. A method according to claim 2 comprising the additional steps of:

selecting one of said images displayed on said at least one display screen connected to said one of said intelligent terminals;

inputting a command via said one of said intelligent terminals to request the display of a price history regarding the artist of the work of art corresponding to said selected image;

communicating said command to one of said regional computers;

accessing any relevant price history information with said regional computer and communicating said price history information to said intelligent terminal; and

displaying said price history information on one display screen connected to said intelligent terminal.

9. A method according to claim 1 comprising the additional steps of:

selecting a plurality of electronic images displayed at one of said intelligent terminals to create a portfolio; and

storing an identification of said plurality of electronic images locally to preserve said portfolio for subsequent access.

10. A method according to claim 1 comprising the additional steps of:

automatically initiating a tracking inquiry if said main computer does not receive an indication of availability of a work which is the subject of a buy order within a predetermined period of time; and

cancelling said buy order if no response is received by said main computer to said tracking inquiry within a predetermined period of time.

11. A method according to claim 10 comprising the additional step of automatically sending a notice of confirmation to the purchasing dealer and the dealer who listed the work of art to confirm the cancellation of said buy order.

12. A method according to claim 1 comprising the additional steps of:

automatically initiating a tracking inquiry if said main computer does not receive an indication of the payment for a work which is the subject of a buy order within a predetermined period of time; and

cancelling said buy order if no response is received by said main computer to said tracking inquiry within a predetermined period of time.

13. A method according to claim 1 comprising the additional steps of:

automatically initiating a tracking inquiry if said main computer does not receive an indication of the shipment of a work which is the subject of a buy order within a predetermined period of time; and

cancelling said buy order if no response is received by said main computer to said tracking inquiry within a predetermined period of time.

14. A method according to claim 1 comprising the additional steps of:

providing indication, via one of said intelligent terminals located at the dealer location corresponding to the selected work of art which is the subject of a buy order, to said main computer, that the requested work of art has been shipped by said dealer to the dealer purchasing said work of art;

automatically initiating a tracking inquiry if said main computer does not receive, from said dealer purchasing said work of art, an indication of the receipt of the shipped work within a predetermined period of time; and

automatically generating an insurance information request if no response is received by said main computer to said tracking inquiry within a predetermined period of time; and

communicating said insurance information request to the intelligent terminal associated with the appropriate dealer who listed the work of art which is the subject of said buy order.

15. A method according to claim 1 further comprising the steps of:

scanning a plurality of two dimensional representations of works of art to be listed for sale with a color scanner to create an electronic image of each work;

communicating said electronic images to said main computer; and

storing said electronic images on said storage equipment associated with said main computer.

16. A computerized system for buying and selling property, comprising:

a for main computer adapted to maintain information regarding property listed for sale by a plurality of dealers and which are for sale by said plurality of dealers;

a plurality of intelligent terminal means each located at a respective dealer location associated with a respective one of said dealers, communicating with said main computer, for selectively displaying graphical representations of property listed for sale by each of said dealers, and for processing data associated with the sale of property listed by the dealer associated with the respective intelligent terminal;

property selection means, associated with each of said intelligent terminal means, for randomly, generally or specifically selecting one or more pieces of property for review; and

property purchase means for automatically generating forms and instructions for the complete payment and transfer of title of selected property.

17. A system according to claim 16, wherein said property for sale are unique to one another;

the system further comprising reservation means for placing a reservation on a selected property for a predetermined period of time, such that the presence of a reservation is visually indicated when the selected property is displayed by one of said intelligent terminal means.

18. A system according to claim 17, wherein said reservation means comprises queue means for maintaining a queue of buyers who wish to reserve a particular selected property and automatically updating the reservation status when said predetermined period of time elapses.

19. A system according to claim 16, further comprising tracking means for determining the status of a purchase transaction when indication of the occurance of a particular event is not received by said main computer within a predetermined period of time.

20. A system according to claim 19, further comprising cancellation means for cancelling a purchase transaction when response to a status inquiry initiated by said tracking means is inadequate.

21. A system according to claim 16, further comprising price history means for compiling and displaying the price history of the property of a particular classification.

22. A system according to claim 16, further comprising regional computer means communicating with said main computer and at least one of said intelligent terminal means for caching image and text data to improve the response time of said intelligent terminal means.

23. A system according to claim 16, further comprising delisting means for removing property from sale when one of said dealers sells said property listed by said one dealer or when a dealer fails to acknowledge predetermined sales requests.

24. A system according to claim 16, further comprising biography display means for selectively displaying biographical information about the developer of a property.

25. A system according to claim 24, wherein said biographical information is in the form of a movie.

26. A system according to claim 16, wherein said dealer locations include a plurality of intelligent terminals.

27. A system according to claim 26, wherein at least one of said intelligent terminals is connected to two display screens, one of which is relatively large for the display of images of the property.

28. A system according to claim 27, further comprising image rotation means for displaying multiple views of a property by at least appearing to rotate the image of the property.

29. A system according to claim 27, wherein at least one of said intelligent terminals at said dealer locations is a management unit for handling the management of the sales transactions and other administrative functions.

30. A system according to claim 16, further comprising portfolio means for compiling the identifications of a plurality of images and storing said identifications locally in association with each dealer'"'"'s intelligent terminal as a portfolio.

31. A system according to claim 16, wherein said property for sale are unique to one another.

32. A system according to claim 31, wherein said property are unique works of art.

33. A method for electronically executing transactions for the purchase of a work of art, comprising the steps of:

storing in a main computer data, including an electronic image, corresponding to a unique work of art listed for sale by a dealer of a plurality of dealers;

providing a plurality of intelligent terminals, each intelligent terminal associated with a dealer and having a display screen and an input device, said intelligent terminals communicating with said main computer;

completing the purchase of a listed work of art by a dealer of the plurality of dealers by displaying the stored data of a plurality of works of art on a display screen in response to a search request input at that intelligent terminal by the dealer;

selecting a listed work of art from the stored data displayed at that intelligent terminal; and

inputting instructions at that intelligent terminal to reserve and/or purchase the selected listed work of art to the main computer to communicate between that intelligent terminal and an intelligent terminal of the dealer listing the selected work of art.

34. A system for electronically executing transactions for the purchase of a work of art, comprising:

a main computer for storing data, including an electronic image, corresponding to a unique work of art listed for sale by a dealer of a plurality of dealers; and

a plurality of intelligent terminals, each intelligent terminal associated with a dealer, having a display screen and an input device, and communicating with said main computer, for displaying the data stored in said main computer corresponding to a plurality of works of art in response to a search request input at one of said intelligent terminals by a purchasing dealer, selecting a listed work of art from the stored data displayed at that intelligent terminal, and for executing transactions corresponding to the purchase of the selected listed work of art, each of said intelligent terminals being further operable to execute transactions corresponding to the sale of a work of art listed for sale by the respective dealer whose work of art is being purchased.