Patent auctions at risk in a down economy
11 June 2009
Eileen McDermott, Washington DC
Non-practising entities and patent aggregators will be winners, while live auctions and online IP exchanges will be losers from the economic downturn
That was the message from a session on IP valuation at the FICPI World Congress in Washington DC this week.
Ron Laurie of Inflexion Point Strategy told FICPI delegates on Monday that at the recent Ocean Tomo Auction in San Francisco only six out of 82 lots were sold.
He blamed the poor results on a changed market, as well as the fact that Intellectual Ventures, a company that he said accounted for 80% of the auction's sales, chose not to participate this year.
"The demand for patents is down and the remaining buyers are...
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