Kodak's patent portfolio has failed to attract the attention of potential buyers.

Eastman Kodak, whose situation is becoming increasingly difficult, is making efforts to resolve the situation by selling its patents. However, potential buyers are not yet eager to express their interest in the upcoming auction.

According to a stalking-horse bidder, someone would express a desire to purchase a portfolio at a specific price before the auction begins. This tactic is used to increase bids. Therefore, Kodak would have to be prepared to hold an "unprotected" auction, where the patents would be offered for sale without specifying a starting price.

The decision to sell patents could be an important step in the revival of what was once the industry's largest player. In its new strategy, designed to restore the company's former strength, Kodak has decided to abandon the production of digital cameras, compact camcorders, and digital cameras.

According to the company's creditors, its patent portfolio, consisting of 1,100 patents, accounts for the majority of Kodak's market value. The company previously stated that an independent appraisal of its patent portfolio valued it at $2.6 billion. A successful sale of the assets will allow Kodak to pay off its debts and generate cash for developing new business areas. If the auction fails, the company's liquidation will be virtually inevitable.