The Big Huge Games' assets that are part of the 38 Studios asset auction have fetched $320,000, according to a report on Joystiq. Sold as part of two lots, the Big Huge Games trademark was sold, along with the Rise of Legends and Rise of Nations strategy game properties. Details on who purchased these assets has not been disclosed.
The rest of the intellectual property, which includes Kingdoms of Amalur universe MMO Project Copernicus and the sequel rights to Kingdoms of Amalur: Reckoning, was not sold because they did "not receive acceptable offers for the remaining lots," according to court-appointed receiver for the assets Richard J. Land. Land went on to say that he intends to "continue to engage in negotiations with interested parties."
Sources involved in the bidding told Joystiq that there were legacy issues with both the "Rise of" and Amalur intellectual properties related to former publishing partners Electronic Arts (Kingdoms of Amalur: Reckoning) and Microsoft (Rise of Nations, Rise of Legends). Even if the properties were purchased, the buyers would still need to deal with some terms made during the original agreements.
No doubt the State of Rhode Island will be disappointed to hear that only part of the IP holdings from 38 studios have been sold and that it only generated $320,000. That amount of money won't make a dent in the debt related to the failed loan to 38 Studios – which some estimate at over $100 million. We will have more on this story as it develops.