Patent Auction Produces Weak Results

November 18, 2011- Only three lots sold at the ICAP Ocean Tomo patent auction held in San Francisco yesterday.  The auction consisted of a total of 193 lots, of which 29 were available for purchase in a live auction format.  (The remaining 164 lots were not offered in the live auction, likely due to lack of sufficient interest, and were available for closed-format bidding only.)  The three lots sold at the auction (70, 97,106) for a total of $1.67 million. Lot 97, a set of patents related to contextual search, sold for $1.5 million.  The patents in Lot 97 relate to contextual search and were sold by Yoogli, a provider of  “personalized semantic search.”