25-12-2017, 07:53 AM
I always thought he got the 2 guineas as Royalty as he privately developed the car.
Usually patents only gain payments when they are used by others in their products. I very much doubt the board of Austins would have sanctioned the 16 pounds on a car selling for 150 pounds, that would represent the profit margin before the agents commission.
I also wonder where that info came from.
It is possible that Austin sold the patents to the board and the Royalty of 2 guineas on each car was his reward.
Cheers Steve Hainsworth
Usually patents only gain payments when they are used by others in their products. I very much doubt the board of Austins would have sanctioned the 16 pounds on a car selling for 150 pounds, that would represent the profit margin before the agents commission.
I also wonder where that info came from.
It is possible that Austin sold the patents to the board and the Royalty of 2 guineas on each car was his reward.
Cheers Steve Hainsworth