But Lothar Steiling, chief patent counsel at Bayer, who is also president of the German Association of Intellectual Property Experts, said auctions would probably fill a niche only for smaller IP sales, with larger sales remaining subject to protracted one-on-one negotiations.
But even Bayer
is willing to experiment.
On Tuesday, it will auction off a license for electro chromic systems, a nanotechnology used to tint windows and enable car mirrors to be used as digital displays.
Besides royalties, Steiling
wants to cut the cost of maintaining 80,000 patents.
"If this auction is successful," Steiling
said, "we will be back."