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Article: Ocean Tomo Auctions Releases Results of Fall 2007 Live Intellectual Property Auction.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 30, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc([R])firm -- today announced the results of its Fall 2007 Live Intellectual Property Auction held on October 25th at The Palmer House Hilton in Chicago. Cumulative sales - including buyers' premium - on the auction floor and immediately following open-bidding totaled $11,599,500, producing strong results for buyers and sellers alike, with further transactions anticipated to close in the coming weeks.
"Having completed our fifth event, our total patent transactions from auction lots are approximately $50 million - all within a span of 2 years. ...