Tequila Works Auctions Off Game IPs and Brand After Bankruptcy

The Madrid-based studio is liquidating assets, including major titles like Rime and Gylt, through an online auction following its 2024 insolvency.

Tequila Works, known for games like Rime and Gylt, filed for insolvency in late 2024 due to financial struggles and the loss of Tencent funding.
The studio's intellectual property, including published games and in-development projects, is being auctioned on the Escrapalia platform.
Major titles such as Rime, Deadlight, and The Invisible Hours have attracted bids, with Rime and Gylt reaching approximately €15,000 each.
Unfinished projects, including The Ancient Mariner, Dungeon Tour, and Brawler Crawler, are also available, with some starting at less than $400.
The auction, running until mid-May, marks the dissolution of the 15-year-old studio, reflecting broader challenges in the gaming industry.