The Ocean Tomo Bid-Ask™ Market mid-year market indicators suggest that 2021 will be one of continued growth in the intellectual property and other intangible asset transactions. For the first six months of 2021, the Ocean Tomo Bid Ask market (OTBA), launched 21 auctions, compared to the 2020 year-end total of 32. As we enter the second half of 2021, this robust start to the year shows no sign of a slow down with inventors, companies, laboratories and universities continuing to divest non-core assets.
Sellers remain bullish on IP value, during the first six months of 2021, the average ASK per patent in the OTBA marketplace is up to from $150,176 for CY 2020 to $186,285 for the CYTD 2021.
The OTBA market screened over 80 auction lot submissions with 33% of the submissions including patents from multiple jurisdictions. Market participants observed 288 completed public patent transactions.