Ocean Tomo announced the results of their just-completed Spring 2007 I/P Auction. A record-setting $11.4 million in patents were transacted in this single day live auction event. These auctions are becoming a regular twice-per-year event for Ocean Tomo and are now also being expanded globally.
Also interestingly, several 'I/P lots' (packages of related patents) were sold at record setting prices as well. A single lot focused on video-on-demand received a winning bid of over $3 million and one for mobile social networks (a methods patent) received a winning bid of $2.8 million. Read the press release for more info.
It will be interesting to see how much of the effort from these new patent owners goes toward commercialization and value creation, and how much goes toward enforcement against current players in these markets!