Disappointing Results At ICAP Ocean Tomo Auction

So, after my original report and post about the ICAP November patent auction, Joff over at the IAM Blog predicted that “things should be sizzling,”  while also recommending caution.  It seems caution was the recommendation of the day, as only 10% of lots sold, raising around $5 M in revenue.  (IAM Blog – No big bids at ICAP OT auction as most lots go unsold; but value is created nevertheless).  So, it was possible that my value assessment was less than “half right,” but it should be noted that value is in the eye of the beholder. (You’re thinking, “Now you tell me…”)