Patent Auction Produces Weak Results
- November 18, 2011
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.”
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