Kingdoms of Amalur IP to be auctioned this month

The state of Rhode Island is set to auction the Kingdoms of Amalur IP via a website that'll be offering its 38 Studios' general assets.

In an interview with WPRI (via Joystiq), 38 Studios' court-appointed receiver Richard Land said:
"The process is taking longer than we anticipated for a variety of reasons including the complexity of the game itself, we have engaged an auctioneer and they are developing an Internet marketplace – or website – to market the game."

He expressed optimism about the sales prospect and the state of the work.

"The bulk of the game and intellectual property I don’t believe is stale because the artwork is current, the tech used to develop the artwork is current, the concept is a current concept."

He added: "My understanding is the use of this intellectual property can be flexible."

Joystiq notes that the main piece of the Amalur IP up for auction will be Project Copernicus, the studio's unreleased MMO.

We recently learned that the US Securities and Exchange Commission (SEC) was investigating the $75 million loan handed to 38 Studios.

Thanks, NeoGaf.