Merchant Bank Puts Patents On Auction Block

Law360, New York (September 6, 2005, 12:00 AM EDT) -- Intellectual property assets will soon be found on a Christie’s-style auction block, catering to Fortune 500 companies among others, when merchant bank Ocean Tomo LLC launches live patent auction events in April 2006.

The bank’s IP auction house, the first of its kind, will auction patents after a careful selection and rating process. The auctions will take place twice each year, one on each coast, with patents solicited in advance for their potential value and some buyers invited based on company analysis.

The first auction will...
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