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38 Studios’ unfinished game to be auctioned

PROVIDENCE — The online video game in the works when former Boston Red Sox pitcher Curt Schilling’s company sputtered into bankruptcy last year is heading to the auction block.

Heritage Global Partners on Friday began formally marketing the ‘‘massively multiplayer online’’ game and other intellectual property belonging to 38 Studios. Prospective bidders will be vetted ahead of an auction tentatively scheduled for November.

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Richard Land, the court-appointed receiver for 38 Studios, and Nick Jimenez, executive vice president at Heritage, declined to estimate the worth of the game, code-named ‘‘Copernicus,’’ which went unfinished when the company ran out of money and laid off all its employees.

‘‘There was a lot of work put into it and a lot of work was completed, but it was a huge undertaking,’’ said Land. ‘‘I do believe that ‘Copernicus’ has significant value.’’

But Michael Pachter, an industry analyst at Los Angeles-based Wedbush Securities, said he doubts the game is worth much or that many parties will bid, because it could cost anywhere from $20 million to $100 million to finish it.

‘‘It’s like buying a brand that hasn’t been marketed yet,’’ he said of 38 Studios.

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