38 Studios auction fails to find buyer for Amalur sequel and MMO

The liquidation auction for 38 Studios properties took place this week, and found no buyer for the rights to produce a sequel to Kingdoms of Amalur or the MMORPG Project Copernicus. Also left without buyers were rights for the Big Huge Games Engine, Catan

GameSpot reports that some assets did sell. The games and intellectual property for Rise of Nations and Rise of Legends sold in one lot, and another successful lot included the Big Huge Games trademark.

The proceeds for those two raised $320,000, in addition to the $1 million already raised from liquidating office equipment from the Rhode Island and Maryland locations. That's still far from the estimated $100 million in debt the state of Rhode Island suffered from 38 Studios' bankruptcy. The state claimed that more than 20 parties expressed interest in the auction, though, and still plans to negotiate to sell the remaining assets.