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9 April 2006

Intellectual property | Patents | Auctions

Patent auction: many low bids, but some successes

Lori Valigra

Lots of buzz preceded what was billed as the world's first live, multi-lot technology patent auction on 6 April, but reality failed to meet expectations for many of the inventors who put up 400-plus patents for sale.

Various automotive components, mobile phone technologies, solid film lubricants, and even a method for "virtual" clothes shopping online were up for sale. But the 400 or so corporate executives, inventors, patent lawyers and others who attended Chicago merchant bank

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