IP addresses are now assets

From Detroit Local News - Michigan News - Breaking News - detroitnews.com

   Borders selling Internet addresses for $786,000

   Bill Rochelle/ Bloomberg News

   Borders Group Inc., the liquidated Ann Arbor-based bookseller, will
   generate $786,000 by selling Internet addresses, thanks to the
   current shortage.

   In September, Borders was authorized to sell most of the intellectual
   property to Barnes & Noble Inc. for $13.9 million. Borders' block
   of 65,536 IPv4 Internet protocol numbers weren't sold.

   After negotiating with multiple prospective buyers, Cerner Corp.
   agreed to buy the Internet addresses for $12 each. Other bids were
   as low as $1.50 each, according to a bankruptcy court filing.

   The sale to Cerner is scheduled for approval at the Dec. 20 hearing
   where Borders also hopes the bankruptcy court will confirm the
   liquidating Chapter 11 plan. The plan distributes assets in the
   order of priority called for in bankruptcy law.

   The disclosure statement says unsecured creditors with $812 million
   to $850 million in claims can expect to recover from 4 percent to
   10 percent. The projected recovery doesn't include proceeds from
   lawsuits.

   Borders completed liquidating the remaining stores in September and
   separately sold store leases and intellectual property.

   Borders had 642 stores on entering bankruptcy in February and was
   operating 399 when the final liquidations began. It listed assets
   of $1.28 billion and liabilities totaling $1.29 billion.

In a message written on Thu, Dec 01, 2011 at 11:04:23PM -0500, Michael R. Wayne wrote:

   After negotiating with multiple prospective buyers, Cerner Corp.
   agreed to buy the Internet addresses for $12 each. Other bids were
   as low as $1.50 each, according to a bankruptcy court filing.

Someone should tell Cerner Corp you can still get them for free,
and thus they overpaid by oh, $12 an address!

Clearly the addresses with the last octet of 00 and ff should be
discounted, since no one wants to be zero, and ff just seems to get
everyone's attention.

-cjp

I have acres on the moon that are up for sale.

I'm waiting for someone to come back and balk at $12/address, and try to reduce the number of addresses they buy, forgetting that pesky powers-of-two
business: "In the interest of containing the cost of the deal, XYZ Corp has
agreed to buy 27,000 addresses instead of the original 65,536."

That will be a definite facepalm moment.

jms

So about a /18 a /19 a /21 and a /23 then :wink:

I have a boatload of IPv6 addresses I'm willing to sell at the low, low price of $.01 each.

From nanog-bounces+bonomi=mail.r-bonomi.com@nanog.org Fri Dec 2 13:29:31 2011
From: Leigh Porter <leigh.porter@ukbroadband.com>
To: "Justin M. Streiner" <streiner@cluebyfour.org>,
        Leo Bicknell
<bicknell@ufp.org>
Subject: RE: IP addresses are now assets
Date: Fri, 2 Dec 2011 19:29:43 +0000
Cc: NANOG <nanog@nanog.org>

> From: Justin M. Streiner [mailto:streiner@cluebyfour.org]
> Sent: 02 December 2011 19:26
> To: Leo Bicknell
> Cc: NANOG
> Subject: Re: IP addresses are now assets
>
>
> > In a message written on Thu, Dec 01, 2011 at 11:04:23PM -0500,
> Michael R. Wayne wrote:
> >> After negotiating with multiple prospective buyers, Cerner Corp.
> >> agreed to buy the Internet addresses for $12 each. Other bids
> were
> >> as low as $1.50 each, according to a bankruptcy court filing.
> >
> > Someone should tell Cerner Corp you can still get them for free,
> > and thus they overpaid by oh, $12 an address!
>
> I'm waiting for someone to come back and balk at $12/address, and try
> to
> reduce the number of addresses they buy, forgetting that pesky powers-
> of-two
> business: "In the interest of containing the cost of the deal, XYZ
> Corp has
> agreed to buy 27,000 addresses instead of the original 65,536."
>
> That will be a definite facepalm moment.
>
> jms

So about a /18 a /19 a /21 and a /23 then :wink:

Methinks it ought to be restricted to some combination of a /17, a /19, a /23,
a /29, and a /31. It's all 'prime' number-space, after all. <groan.

"John Lightfoot" <jlightfoot@gmail.com> wrote;

I have a boatload of IPv6 addresses I'm willing to sell at the low, low price of $.01 each.

Good for you. _I_ have somewhat over 17.8 million IPv4 addresses, in 3 large
blocks, for which I will sell my 'right to use', at half your offering price.

Your IP address is an "asset" like the office you rent to setup a business in.
Happening to be the occupant gives you certain rights, but it doesn't
automatically make the space some property that the occupant automatically
gains ownership of.

If your lease permits it, you can probably re-sell your right to
occupy the space,
so long as the lease says you can do that, and you follow all the terms and
requirements agreed upon.

So there's no issue with Borders "selling" addresses, so long as the
proper policies are being followed
for transfer of addresses.

What underlies all the "occupants" of IP address space, are agreements
with IP address
registries, and the community, to provide unique usage of IP addresses.

The existence of unique IP addresses exist only because of the
community and the address
registries' efforts; the community "owns" the uniqueness of IP
addresses, which is a kind
of intangible property, because they built this, and you own what you build.

That is... uniqueness of IP address entries in an address registry you
operate doesn't happen by accident.