Singapore -- April 18, 2024 -- InvestorsHub NewsWire --
Coinllectibles Inc (OTC:
COSG) is pleased to announce the successful acquisition of four
exquisite ceramics from the Song Dynasty, collectively valued at
over USD 28.5 million. Grand Town Development Limited, a subsidiary
under Coinllectibles Inc, facilitated the acquisition, which marks
a significant milestone for Coinllectibles and reaffirms its
commitment to sourcing and curating rare and valuable artifacts for
collectors worldwide.
Each of
the four ceramics has undergone rigorous authentication processes
by the esteemed Royal Heritage Ceramics Lab in Shenzhen, China,
ensuring their authenticity and historical significance. These
ceramics, originating from the Song Dynasty, represent a pivotal
era in Chinese history and art, characterized by exquisite
craftsmanship and timeless beauty.
By
acquiring these ceramics at a favourable discount rate of USD 17.13
million, Coinllectibles aims to capitalize on the potential resale
value of these treasures. The estimated market value of USD 28.5
million, based on recent transaction prices of similar items from
reputable auction houses such as Sotheby's Hong Kong, underscores
the lucrative opportunity presented by this acquisition.
"The
decision to acquire these ceramics aligns with Coinllectibles'
strategy to generate profits through strategic acquisitions and
resale opportunities. Leveraging its expertise in the collectibles
market, Coinllectibles plans to re-sell these artifacts through
prestigious auctions and the blockchain marketplace at our
Metamall. This approach not only maximizes the potential returns on
investment but also provides collectors with access to exceptional
pieces of history," said Dr Chan Man Chung, CEO at Coinllectibles
Inc.
"This
strategic investment not only reflects our commitment to sourcing
rare and valuable collectibles but also demonstrates our ability to
secure favourable deals that offer significant potential for
profit. We believe that these artifacts will not only appeal to
seasoned collectors but also represent an opportunity for investors
to participate in the appreciation of cultural heritage," added Dr
Chan.
The
acquisition of these rare ceramics is a testament to
Coinllectibles' vision of bridging the gap between traditional art
forms and innovative technologies. By leveraging blockchain
technology, Coinllectibles ensures that collectors can trace the
provenance and ownership history of each collectible, providing
unparalleled transparency and security. The company remains
dedicated to curating a diverse and compelling collection that
appeals to collectors and enthusiasts across the globe.
"We
invite collectors and investors alike to explore the offerings at
Coinllectibles and discover the timeless beauty and cultural
significance of these ceramics," added Dr Chan. "We are excited
about the opportunities that lie ahead and look forward to sharing
these treasures with the global community of art and antique
enthusiasts."
For
more information about Coinllectibles and its collection of rare
collectibles, please visit www.coinllectibles.art.
About
Coinllectibles:
Coinllectibles is a pioneering leader in the field of
blockchain-based collectibles, specializing in the creation and
distribution of unique digital assets that bridge the gap between
art, technology, and collectibles. With a commitment to innovation
and a passion for the arts, Coinllectibles is dedicated to
redefining the future of collectibles in the digital age.