SAN FRANCISCO--Jonathan Bari didn't seem too nervous until the $725,000 glitch.
A woman, taking commands from someone at the other end of her cell phone, had bid $750,000 on the patent portfolio he was selling at the Ocean Tomo IP Auction last week in San Francisco. The patents covered an online authentication system for consumers devised by his old company Catavault.
The panic came because auctioneer Charles Ross registered the bid at $725,000.
"She said $750,000," he said to me. (We were sitting next to each other.) He became absolutely still. His anxiety … Read more