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Showing posts with label auction. Show all posts
Showing posts with label auction. Show all posts

Sunday, June 27, 2010

King Coin

A Spanish precious metals trading company bought the world's largest gold coin for 3.27 million euros, its exact material worth, from the estate of an insolvent investment firm at a rare auction in Vienna on Friday.
The 100 kg (220.5 lb) piece, one of only five Canadian $1,000,000 Maple Leaf coins the Royal Canadian Mint has ever produced, was snapped up immediately in a written bid from ORO direct, a gold trading company based in Madrid.
The auction was ordered by the administrator of Austrian investment group AvW Invest, which filed for insolvency in May after its owner and chief executive was arrested on suspicion of fraud, breach of trust and other charges.
AvW had acquired the coin in 2007, joining an exclusive club of owners including Queen Elizabeth, who is also displayed on one side of the coin, two unidentified investors in Dubai and one who is so reclusive even his or her residence is unknown.
AvW had lent its coin, 53 cm (21 inches) in diameter and 3 cm thick, to Vienna's Kunsthistorisches Museum where it had been on display as part of its coin collection.
Its purity is 99.999 percent, the purest type in the market.
bi The Royal Canadian Mint launched the coin in 2007 to showcase its production facilities and steal the entry in the Guinness Book of Records for the world's biggest gold coin.

Wednesday, October 28, 2009

Old road

The first road atlas of its kind in western Europe, a 17th century book showing a highway network in England and Wales of just 73 roads, is to be sold at auction for up to £9,000. The route atlas, published in 1675, includes 100 double pages of black and white maps laid out in continuous strips depicting the major roads and crossroads across England and Wales. The work from the Britannica first volume ­ also marks the first time in England that an atlas was prepared on a uniform scale, at one inch to a mile. The 17th century map-maker claimed 26,600 miles of road was surveyed for preparing the atlas.