General Information
Submit IP
Due Diligence
Downloads
Results & Photos
FAQs
IP Business Congress 2008 Online Catalogue
Registration
Venue
Conference Program
Listing Fees
Bidding Procedures/
Conditions of Sale
Sponsors & Media
Fall 2008 (Chicago)
Registration
Venue
Gala Dinner
Conference Program
Listing Fees
Bidding Procedures/
Conditions of Sale
Sponsors & Media
Submit IP
Due Diligence
Downloads
Results & Photos
FAQs
IP Business Congress 2008 Online Catalogue
Registration
Venue
Conference Program
Listing Fees
Bidding Procedures/
Conditions of Sale
Sponsors & Media
Fall 2008 (Chicago)
Registration
Venue
Gala Dinner
Conference Program
Listing Fees
Bidding Procedures/
Conditions of Sale
Sponsors & Media
Upcoming Auctions
IP BUSINESS CONGRESS
Incorporating the IAM CIPO Summit & Ocean Tomo European IP Auction
June 25-26, 2008
NH Krasnapolsky
Amsterdam
FALL 2008
LIVE IP AUCTION
October 29-30, 2008
Trump International
Chicago
IP BUSINESS CONGRESS
Incorporating the IAM CIPO Summit & Ocean Tomo European IP Auction
June 25-26, 2008
NH Krasnapolsky
Amsterdam
FALL 2008
LIVE IP AUCTION
October 29-30, 2008
Trump International
Chicago
Latest News
April 30, 2008
Ocean Tomo to Sell Communications Patent Disclosing a Method for Placing a Phone Call Directly by Clicking on an Internet Advertisement
April 30, 2008
Ocean Tomo to Sell Wireless Communication Patent at Live IP Auction On 26 June in Amsterdam
April 22, 2008
Ocean Tomo Releases Catalogue for its Second Live IP Auction in Europe on 26 June in Amsterdam
April 4, 2008
Ocean Tomo Auctions Announces Outstanding $19.6M Results From Spring 2008 Live Intellectual Property Auction
Ocean Tomo Auctions
The IP Business Congress will be one of the major IP events of 2008 and quite probably the year’s most important gathering of global IP business leaders. All day on 25th June and the morning of 26th June, the CIPO Summit organized by IAM magazine, with a world-class faculty of over 70 speakers, will focus on understanding the roles and responsibilities of the CIPO, and on the afternoon of 26th June, Ocean Tomo will hold its live IP Auction.
Consisting of two days of high-level, practical discussion and real-time IP monetisation in action, the IP Business Congress 2008 will be an event unlike any other in the IP calendar. Already over 300 delegate places have been filled and the few remaining spaces are going fast.
Live IP Auction
Over the past two years, Ocean Tomo has transacted approximately $70+ million at its IP auctions across Europe and the US, benefiting sellers, such as inventors, small to mid-sized companies, top multinational corporations, investors and others. This will be Ocean Tomo's second auction in Europe, held as a follow-up to its auction in London last year, where on-the-floor sales totaled £4,095,300 (approximately €6,040,977; $8,100,503) and a world-record was set for the highest selling price for a single patent at a multi-lot live IP auction for £2,475,000 (€3,650,873; $4,895,550).
The 2008 European Live IP Auction Catalogue and Supplement are now available for immediate online viewing. Sixty-five lots of IP assets are offered for sale in the following categories:
For more information regarding any of the lots, or to register to bid at the event, please email auctions@oceantomo.com or call +1.312.377.4851.
CIPO Summit
All day on 25th June and for the morning of 26th June, the CIPO Summit, organised by IAM magazine, will focus on understanding the roles and responsibilities of the CIPO.
The full programme, including details of over 70 confirmed speakers, can be accessed here. Director of the USPTO Jon Dudas will serve as a keynote speaker joining an outstanding faculty of over 70 thought leaders in the field of IP within the corporate world, including:
Fall 2008 Live IP Auction
October 29-30 • Chicago
IP Submissions - Deadline: June 13
About Ocean Tomo Auctions
The Origin
Ocean Tomo’s model of a multi-lot, live auction for intellectual property was created to introduce the marketplace to a forum for facilitating the open and public exchange of Intellectual Property (“IP”). The auction was designed to bring a sense of urgency and closure to IP transactions, create a center for IP liquidity, and effectuate transparency for a market in which none had historically existed.
The auction brings numerous benefits to both a seller and buyer. From a seller perspective, the auction is the first forum for transacting intellectual property in which the burden of purchasing is actually shifted to the buyer. The auction structure and format enable a seller to offer a pre-set terms and conditions including a minimum price, “the reserve”. Many auction participants and followers in the marketplace now recognize the value of the auction format.
Obviously, the live auction model also offers substantial benefits to a potential seller. Notably, the live auction brings sellers closure and the benefit of a true “market sale”, while also affording their intellectual property great exposure even if a sale is not completed on the auction floor. Historically, the intellectual property market has been insulated as transactions have been conducted privately without public discussion as to buyers or price. Ocean Tomo Auctions provide a platform by which a seller, whether a large or small company or individual inventor, may broadly market their intellectual property capitalizing upon the press garnered by the auction itself realizing a competitive bidding environment.
For buyers of intellectual property, the auction provides an entirely different set of advantages. The foremost benefit is open, informed access and an equal opportunity to buy. The auction also provides market transparency and price discovery. Without Ocean Tomo’s auction floor, buyers of IP have extreme difficulty in understanding “market pricing” as a very limited public data set for comparable transactions is available.
With traditional market transactions shrouded in secrecy, potential buyers are generally unaware of the intellectual property acquisition opportunities and consequently are unable to act to pursue them. Often, operators learn about IP which was for sale only after receipt of a licensing or notice letter. This has rendered, and will continue to render, companies susceptible to unforeseeable actions. Conversely, the public nature of the auction empowers companies with a licensing interest, or interest in pursuing the development of new technologies and/or portfolio diversification, equal opportunity to know of and pursue opportunities. By making the forum for IP transactions public, the auction provides the market with intelligence of what is available for acquisition as well as assuring that the buyer will pay a true market price for IP assets.
While the auction brings transparency to the IP marketplace, buyers can conduct diligence and bid for auction lots anonymously. Indeed, Ocean Tomo is very conscientious of bidder confidence, and will not disclose the identity of any bidder or bidding entity. Significantly, all bidders and sellers -- by agreement with Ocean Tomo -- represent and warrant that no involvement in the auction by other sellers or buyers will be used as evidence in any future litigation. Such well thought through market provisions afford bidders an increased level of security and comfort regarding their auction participation. Ocean Tomo seeks to enable all bidders and sellers with an ability to participate in the auction without undue fear of negative legal ramifications, regardless of their results within the auction.
Past Auctions
The first Ocean Tomo Live Intellectual Property Auction was held in San Francisco, California in April 2006. It featured 78 lots of patents and resulted in transactions both on and off the auction floor. The follow-on events, held in New York City in October 2006; Chicago, Illinois in April 2007; London, England in June 2007; and, Chicago again in October 2007 offered to the intellectual property market lots diversified between patents, trademarks, copyrights, music-related properties and domain names. Each subsequent auction resulted in increased bidding activity and new sellers to the event. Sellers of intellectual property offered in past auctions include large multi-national corporations, small and mid-sized companies, individual inventors, investors and others.
Ocean Tomo has demonstrated through the success of the transactions completed in each of the past auctions – both on and off the floor – that a live auction is becoming the premier forum for transacting intellectual property:
The Ocean Tomo Live Intellectual Property Auction has become referred to by many leading industry professionals as a “forum of commerce.” The event brings together some of the world’s IP leaders including heads of IP of the largest companies to former national patent commissioners. Ocean Tomo and the auction have also received considerable national and international media attention, including features and appearances on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Forbes, Red Herring, BusinessWeek, CNET, Reuters, Associated Press, Chicago Tribune, Variety, and Billboard, among many others. Moving forward, Ocean Tomo plans to hold multiple auctions annually in venues around the world including Europe, Asia, and the United States.
Auctions Professionals
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PRESENTED WITH :  |
The IP Business Congress will be one of the major IP events of 2008 and quite probably the year’s most important gathering of global IP business leaders. All day on 25th June and the morning of 26th June, the CIPO Summit organized by IAM magazine, with a world-class faculty of over 70 speakers, will focus on understanding the roles and responsibilities of the CIPO, and on the afternoon of 26th June, Ocean Tomo will hold its live IP Auction.
Consisting of two days of high-level, practical discussion and real-time IP monetisation in action, the IP Business Congress 2008 will be an event unlike any other in the IP calendar. Already over 300 delegate places have been filled and the few remaining spaces are going fast.
Live IP Auction
Over the past two years, Ocean Tomo has transacted approximately $70+ million at its IP auctions across Europe and the US, benefiting sellers, such as inventors, small to mid-sized companies, top multinational corporations, investors and others. This will be Ocean Tomo's second auction in Europe, held as a follow-up to its auction in London last year, where on-the-floor sales totaled £4,095,300 (approximately €6,040,977; $8,100,503) and a world-record was set for the highest selling price for a single patent at a multi-lot live IP auction for £2,475,000 (€3,650,873; $4,895,550).
The 2008 European Live IP Auction Catalogue and Supplement are now available for immediate online viewing. Sixty-five lots of IP assets are offered for sale in the following categories:
CIPO Summit
All day on 25th June and for the morning of 26th June, the CIPO Summit, organised by IAM magazine, will focus on understanding the roles and responsibilities of the CIPO.
The full programme, including details of over 70 confirmed speakers, can be accessed here. Director of the USPTO Jon Dudas will serve as a keynote speaker joining an outstanding faculty of over 70 thought leaders in the field of IP within the corporate world, including:
- Joe Beyers, VP, IP Licensing, Hewlett-Packard
- Sharon Bowles, MEP
- Roberto Dini, Founder, Sisvel Spa
- Marian Flattery, Head of IP, Syngenta Crop Protection AG
- Scott Frank, President, AT&T Intellectual Property
- Susannah Gray, Chief Financial Officer, Royalty Pharma
- Ton van Hoef, VP and Chief IP Counsel, ASML
- Bertram Huber, Head of Corporate IP, Robert Bosch GmbH
- David Kappos, Global Head of IP Law, IBM
- Ciarán McGinley, Controller, European Patent Office
- Ruud Peters, CEO, Philips IP & Standards
- Marshall Phelps, Corporate VP for IP Policy and Practices, Microsoft
- Kevin Rivette, Chairman, USPTO Patent Advisory Committee
Fall 2008 Live IP Auction
October 29-30 • Chicago
IP Submissions - Deadline: June 13
We are now accepting submissions for the Fall Auction. To submit IP for
consideration, click here or contact us at auctions@oceantomo.com or 312.377.4851. Ocean Tomo has identified the following areas of interest: |
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About Ocean Tomo Auctions
The Origin
Ocean Tomo’s model of a multi-lot, live auction for intellectual property was created to introduce the marketplace to a forum for facilitating the open and public exchange of Intellectual Property (“IP”). The auction was designed to bring a sense of urgency and closure to IP transactions, create a center for IP liquidity, and effectuate transparency for a market in which none had historically existed.
The auction brings numerous benefits to both a seller and buyer. From a seller perspective, the auction is the first forum for transacting intellectual property in which the burden of purchasing is actually shifted to the buyer. The auction structure and format enable a seller to offer a pre-set terms and conditions including a minimum price, “the reserve”. Many auction participants and followers in the marketplace now recognize the value of the auction format.
-
“Patent holders are eager for alternative means for monetizing their patent assets. This is especially true for patent holders that view aggressive licensing strategies as neither feasible nor desired. The emergence of a consistent and robust marketplace for patent assets…should provide liquidity to the patent market and allow intellectual property holders to realize value from their unused patent portfolios through avenues other than licensing and litigation.”
–“Patent auctions: emerging trend?” by Perry J. Viscounty, Michael Woodrow De Vries and Eric M. Kennedy (The National Law Journal, May 8, 2006).
Obviously, the live auction model also offers substantial benefits to a potential seller. Notably, the live auction brings sellers closure and the benefit of a true “market sale”, while also affording their intellectual property great exposure even if a sale is not completed on the auction floor. Historically, the intellectual property market has been insulated as transactions have been conducted privately without public discussion as to buyers or price. Ocean Tomo Auctions provide a platform by which a seller, whether a large or small company or individual inventor, may broadly market their intellectual property capitalizing upon the press garnered by the auction itself realizing a competitive bidding environment.
For buyers of intellectual property, the auction provides an entirely different set of advantages. The foremost benefit is open, informed access and an equal opportunity to buy. The auction also provides market transparency and price discovery. Without Ocean Tomo’s auction floor, buyers of IP have extreme difficulty in understanding “market pricing” as a very limited public data set for comparable transactions is available.
-
“A robust public market for patents will no doubt increase the overall number of patents available for sale and the visibility of available patents, thereby facilitating…strategic patent purchases and ensuring that all potential purchasers have an opportunity to bid on patents in which they are interested.”
–Viscounty, et al.
With traditional market transactions shrouded in secrecy, potential buyers are generally unaware of the intellectual property acquisition opportunities and consequently are unable to act to pursue them. Often, operators learn about IP which was for sale only after receipt of a licensing or notice letter. This has rendered, and will continue to render, companies susceptible to unforeseeable actions. Conversely, the public nature of the auction empowers companies with a licensing interest, or interest in pursuing the development of new technologies and/or portfolio diversification, equal opportunity to know of and pursue opportunities. By making the forum for IP transactions public, the auction provides the market with intelligence of what is available for acquisition as well as assuring that the buyer will pay a true market price for IP assets.
While the auction brings transparency to the IP marketplace, buyers can conduct diligence and bid for auction lots anonymously. Indeed, Ocean Tomo is very conscientious of bidder confidence, and will not disclose the identity of any bidder or bidding entity. Significantly, all bidders and sellers -- by agreement with Ocean Tomo -- represent and warrant that no involvement in the auction by other sellers or buyers will be used as evidence in any future litigation. Such well thought through market provisions afford bidders an increased level of security and comfort regarding their auction participation. Ocean Tomo seeks to enable all bidders and sellers with an ability to participate in the auction without undue fear of negative legal ramifications, regardless of their results within the auction.
Past Auctions
The first Ocean Tomo Live Intellectual Property Auction was held in San Francisco, California in April 2006. It featured 78 lots of patents and resulted in transactions both on and off the auction floor. The follow-on events, held in New York City in October 2006; Chicago, Illinois in April 2007; London, England in June 2007; and, Chicago again in October 2007 offered to the intellectual property market lots diversified between patents, trademarks, copyrights, music-related properties and domain names. Each subsequent auction resulted in increased bidding activity and new sellers to the event. Sellers of intellectual property offered in past auctions include large multi-national corporations, small and mid-sized companies, individual inventors, investors and others.
Ocean Tomo has demonstrated through the success of the transactions completed in each of the past auctions – both on and off the floor – that a live auction is becoming the premier forum for transacting intellectual property:
-
“The proliferation of intellectual property auctions – both in-house and online – will promote the exchange of patent properties. Auctions will give increased financial incentives to successful inventors and provide a robust market for investors.”
–“Under the gavel: a defense of patent auctions” by Barry Evans and Jean-Paul Ciardullo (The Daily Deal, Monday, October 23, 2006, p.3)
The Ocean Tomo Live Intellectual Property Auction has become referred to by many leading industry professionals as a “forum of commerce.” The event brings together some of the world’s IP leaders including heads of IP of the largest companies to former national patent commissioners. Ocean Tomo and the auction have also received considerable national and international media attention, including features and appearances on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Forbes, Red Herring, BusinessWeek, CNET, Reuters, Associated Press, Chicago Tribune, Variety, and Billboard, among many others. Moving forward, Ocean Tomo plans to hold multiple auctions annually in venues around the world including Europe, Asia, and the United States.
Auctions Professionals
| Andrew T. Ramer | 312-327-4431 PH | 312-327-4401 FX |
| Managing Director | aramer@oceantomo.com | Download v-card | Biography |
| Wendy Chou | 312-377-4862 OFFICE | 718-812-6707 CELL |
| Director/Media & Marketing | wchou@oceantomo.com | Download v-card | Biography |
| Justin Basara | 312-327-4411 PH | 312-327-4401 FX |
| Director | jbasara@oceantomo.com | Download v-card | Biography |
| Auctions | 312-377-4851 PH | auctions@oceantomo.com |