Tequila Works Auctions Off Game IPs Following Insolvency

The Madrid-based studio behind Rime and Gylt is liquidating its creative assets, with some bids reaching €15,000 on the Escrapalia platform.

Tequila Works, known for titles like Rime and The Sexy Brutale, is auctioning its intellectual property and assets after filing for insolvency in 2024.
The auction includes rights to released games such as Rime, Deadlight, and Gylt, as well as unreleased projects like The Ancient Mariner and Dungeon Tour.
Bidding activity highlights significant interest, with some IPs, including Rime and Gylt, attracting bids of up to €15,000.
The auction, hosted on the Escrapalia platform, also features the Tequila Works brand, websites, and social media accounts.
Tequila Works' financial struggles stem from prolonged market challenges, staff cuts, and project cancellations, despite prior investment from Tencent.