GTT is collaborating with Ocean Tomo bringing the market to You.
GTT is collaborating with Ocean Tomo, a U.S. Company that is the market leader in the field of IP Auctions. IP auctions offer a unique and novel alternative to direct sale of patents and are presented by multi-lot, live auctions. This method has the ability to introduce a forum for facilitating the exchange of intellectual property to the marketplace. The goals of the auction are 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 has historically existed.
The auction has various benefits from the perspective of both a Seller and a Buyer.
From a Seller's perspective, auctions mean closure and the benefit of a true “market sale”, while also affording their intellectual property great exposure. The auction structure and format enables a Seller to offer a group of pre-set terms and conditions, including a minimum price.
For buyers of intellectual property, the auction provides the benefit of market transparency and pricing. Currently, buyers have extreme difficulty in valuing IP as a very limited public data set for comparable transactions is available
