The public auction held Tuesday at 38 Studios' former headquarters in Providence, Rhode Island, grossed approximately $650,000. The official number comes from the Rhode Island Economic Development Corporation, which held an auction last week at the former site a 38 Studios' Big vast Games division in Maryland. That auction brought in $180,000.
The court-appointed receiver who organized the auctions told us earlier this week that the Kingdoms a Amalur intellectual property, which be Rhode Island's best hope for recouping money from it be bad investment, will be sold in a negotiated transaction over the next three t' six months.
It be estimated that 38 Studios owed $150.7 million when it filed for bankruptcy. The state a Rhode Island has recovered about $830,000 so far, 'n the remainder a the bill following the IP sale will be swallowed by state tax-payers.
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