Kevin Karsch and his research team have proposed a method to realistically render 3D objects into images.

This video demonstration shows how a team led by Kevin Karsch are able to quickly and realistically insert artificial objects into photographs, complete with lighting, shading, reflections, and other effects. Their method doesn't need access to the scene or its measurements and uses only a small amount of annotation to create a physical model into which objects can be placed and arranged. The project will be presented at SIGGRAPH Asia 2011 and the video below shows the innovative software in action:

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