Hilco Streambank News

Welcome to the Hilco Streambank news page, the best place for updated reports and success stories about how we are using our unparalleled industry experience to help companies maximize the value of their IP assets. You can learn about our latest analyses, IP asset sales, IPv4 transactions, executive leadership changes, and other company bulletins.

For more information, contact David Peress at dperess@hilcoglobal.com or Jack Hazan at jhazan@hilcoglobal.com.

Our unmatched experience with intangible assets ...
... results in the industry's best liquidity solutions.



Hilco Streambank to Sell Bidz.com Intellectual Property

Sep 02, 2014

Bidz.com Brand and Domain Names to be Sold in Auction this Fall

New York, NY, September 2nd, 2014: Hilco Streambank has been retained to sell the intellectual property assets of Bidz.com, Inc. The assets consist of trademarks, domain names (including Bidz.com and Buyz.com) and an extensive customer database containing over 6 million records. The sale is being conducted through an assignment for the benefit of creditors proceeding under California state law.

Bidz.com, Inc., established in 1998, was a leading online retailer of jewelry, featuring a live auction platform. The company quickly gained global recognition and generated over $100 Million from sales in 2010. The Bidz.com e-commerce platform averaged approximately 500,000 visits each month and sold, on average, 15,000 items per day. Declining sales and liquidity issues forced the company to shut down the website in June 2014.

“Bidz.com presents a unique opportunity to acquire a generic domain name with an already established following” said Jack Hazan, EVP of Hilco Streambank. “In addition to Bidz.com being a recognized brand in the industry, the brand and particularly the domain names, have broad application in all e-commerce related areas such as an auction site, an online marketplace or a flash sales platform” said Mr. Hazan.

About Hilco Streambank
  Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last three years Hilco Streambank has become a leader in the IP valuation and disposition market, representing brands across various industries. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through HilcoDomains.com and IPv4Auctions.com, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.

Parties interested in finding out more about this sale should contact Hilco Streambank directly using the contact information provided below:

Jack Hazan
Executive Vice President
Hilco Streambank
(212) 610-5663
jhazan@hilcoglobal.com
Gabe Fried
CEO
Hilco Streambank
(781) 444-4941
gfried@hilcoglobal.com
Michael Manopla
Associate
Hilco Streambank
(212) 993-7290
mmanopla@hilcoglobal.com