A lot of numbers are being thrown around in reaction to the Nortel auction, but the one that seems to be the most interesting is $750,000 per patent. Arriving at this number includes entertaining the belief that $4.5 Billion was spent to acquire 6000 assets. However, as I previously observed, look at patents currently in force drops this number down to 2000, which is the number similarly reported by IAM. At 2000 assets, the price per patent skyrockets to $2.25 MM each. If you would assume that the 1000 or so patents with at least 10 years of term remaining were the primary drivers of the purchase, then double that amount to $4.5 MM each.