Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC,
the Chicago-based Intellectual Capital Merchant Banc(R) firm -- today
announced the auction floor results of its Pan-European Live
Intellectual Property Auction 2007 held on 1 June at The Dorchester in
London, England. Cumulative sales on the auction floor, including
buyers' premium, totaled GBP 4,095,300 (approximately EUR 6,040,977;
$8,100,503) and average sale price per lot was GBP 292,521 (EUR
431,498; $578,607), producing strong results for buyers and sellers
alike, with further transactions anticipated to close in the coming
weeks.
"Ocean Tomo Auctions is very excited about its successful
expansion into the European marketplace," said Andrew T. Ramer,
President of Ocean Tomo Auctions. "We are extremely encouraged by the
overwhelming support from the European IP community. Companies and
inventors are already submitting IP for our next European auction just
days after last week's event."
Another Record-Breaking Sale Price
In a historic moment, Ocean Tomo once again set a world record for
the highest selling price for a patent at a multi-lot live IP auction,
almost doubling two records set recently at Ocean Tomo's April Auction
in Chicago. Lot 19C, comprised of an Internet shopping patent,
invented by a native of New Zealand and mother of three, was sold for
GBP 2,475,000 (EUR 3,650,873; $4,895,550). Also, Mikko Vaananen from
Finland, a local inventor working on his PHD, sold his patents
relating to wireless file-based multimedia messaging for GBP 440,000
(EUR 649,044; $870,320). "Managing the patenting process was a long
and arduous task but, ultimately, worth the persistence," stated Mr.
Vaananen. "Ocean Tomo was absolutely instrumental in helping me to
capitalize on my invention once the portfolio was mature. I'm
extremely pleased with the result." Other successful sellers included
multi-national corporations, small to mid-size enterprises, and other
private inventors.
Over 200 global IP and finance professionals gathered for this
monumental event, including key IP professionals, investors, C-level
executives, small to mid-size enterprises and professional inventors.
The dynamic team of British auctioneer Charlie Ross and David Gooding,
President & CEO, of Gooding & Company, once again delivered a seamless
auction event. "After Ocean Tomo has taken me on a tour of three
fantastic auctions around the world, it is quite exciting for me to
have this ground-breaking event happen in my own backyard," said
Charlie Ross. "I thought it was a jolly good auction, and I am very
much looking forward to the next one."
"In a year's time, I am proud to say we have successfully
completed auctions in San Francisco, New York, Chicago and now
London," said David Gooding. "Intellectual property auctions are
rapidly developing into a world-recognized marketplace where IP can be
sold not only efficiently but at world record prices. We are looking
forward to developing this business alongside Ocean Tomo."
The chart below displays results by lot (including buyers'
premium):
-0-
*T
Lot Total Sale Euro (EUR) Dollar ($)
Number Amount (GBP) Conversion Conversion
----------------------------------------------------------------------
Lot 1 GBP 14,300 EUR 21,094 $28,285
----------------------------------------------------------------------
Lot 3 GBP 55,000 EUR 81,131 $108,790
----------------------------------------------------------------------
Lot 7 GBP 88,000 EUR 129,809 $174,064
----------------------------------------------------------------------
Lot 9 GBP 302,500 EUR 446,218 $598,345
----------------------------------------------------------------------
Lot 19A GBP 96,250 EUR 141,978 $190,383
----------------------------------------------------------------------
Lot 19B GBP 151,250 EUR 223,109 $299,173
----------------------------------------------------------------------
Lot 19C GBP 2,475,000 EUR 3,650,873 $4,895,550
----------------------------------------------------------------------
Lot 19E GBP 96,250 EUR 141,978 $190,383
----------------------------------------------------------------------
Lot 19F GBP 110,000 EUR 162,261 $217,580
----------------------------------------------------------------------
Lot 19H GBP 165,000 EUR 243,392 $326,370
----------------------------------------------------------------------
Lot 20A GBP 66,000 EUR 97,357 $130,548
----------------------------------------------------------------------
Lot 21A GBP 27,500 EUR 40,565 $54,395
----------------------------------------------------------------------
Lot 24 GBP 440,000 EUR 649,044 $870,320
----------------------------------------------------------------------
Lot 30A GBP 8,250 EUR 12,170 $16,319
----------------------------------------------------------------------
*T
Fall 2007 Auction Submission Deadline & Details
The next Ocean Tomo Live IP Auction will be held on 24-25 October
2007 at the Palmer House Hilton in Chicago, IL. Ocean Tomo has posted
an "open call" for IP submissions and has identified the following
areas as having high buyer interest: digital and home media including
interactive television and video-on-demand, financial services,
e-commerce, telecommunications including near field communications and
WIMAX, internet/web services, memory, audio encoding/signal processing
and convergence technologies as well as known brands and entertainment
and music catalogs.
All patent, trademark, copyright and domain submissions for The
Ocean Tomo Fall 2007 Live IP Auction should be received no later than
29 June 2007. To submit IP for consideration or for more information,
please call +1.312.377.4851 or visit www.OceanTomoAuctions.com.
About Ocean Tomo Auctions:
Ocean Tomo Auctions, the auctions arm of Ocean Tomo, LLC
(www.OceanTomo.com), the Chicago-based Intellectual Capital Merchant
Banc(R) firm, has received global recognition as the leader in the
live auctioning of intellectual property assets for some of the
world's largest and most established companies. Hundreds of key
decision makers in the intellectual property and financial communities
attend and participate in the auctions and related workshops,
including C-level executives, Fortune 500(R) IP professionals,
investors, small to mid-size companies, inventors and media
professionals. Ocean Tomo Auctions has been featured on CNBC,
Bloomberg TV, The Wall Street Journal, Barron's, Red Herring,
BusinessWeek, Reuters and more. The live auctions are held in the
spring and fall in the U.S. and in the summer in Europe.
About Gooding & Company
Gooding & Company, the Santa Monica-based auction house, provides
unparalleled service for those in the close-knit world of classic car
collecting and offers a wide range of services including private and
estate sales, appraisals, collection management, estate and tax
planning assistance. The company has set numerous world records for
sales at auction and by private treaty, including for a Ferrari road
car - the 1967 Ferrari 275 GTS/4 alloy NART Spyder for $3,960,000; a
1938 Talbot Lago T150 C SS Teardrop Coupe for $3,905,000; and for a
Duesenberg at auction with the 1935 Duesenberg SJ Speedster - the
Mormon Meteor for $4,455,000. Gooding & Company also conducts the
official Pebble Beach Auction at the annual Pebble Beach Concours
d'Elegance. For information on this year's Pebble Beach Auction or to
purchase an auction catalogue, contact Gooding & Company at
+1.310.899.1960 or visit www.goodingco.com.