World's Biggest Gold Coin Auctioned for More than $4 Million
References: news.yahoo
The world's biggest gold coin was auctioned in Vienna, Austria on 25 June, 2010. The gold coin, which weighs 100 kilograms, fetched over $4 million, which was shelled out by a Spanish precious metals trading company. The gold coin is one of only five Canadian $1,000,000 Maple Leaf coins by the Royal Canadian Mint.
The auction was held by an Austrian investment group AvW Invest, who went bankrupt after a series of fraud by its owner and chief executive.
The auction was held by an Austrian investment group AvW Invest, who went bankrupt after a series of fraud by its owner and chief executive.
Trend Themes
1. Gold Coin Auctions - Disruptive innovation opportunities in the auction industry by introducing online platforms for bidding on rare and valuable coins.
2. Precious Metals Trading - Opportunities for disruptive innovation in the precious metals trading industry by leveraging technology to develop efficient and secure trading platforms.
3. Numismatic Collectibles - Disruptive innovation opportunities in the numismatic collectibles market by creating digital platforms for buying, selling, and trading rare coins.
Industry Implications
1. Auction Industry - Disruptive innovation opportunities in the auction industry by introducing online platforms for bidding on rare and valuable coins.
2. Precious Metals Trading Industry - Opportunities for disruptive innovation in the precious metals trading industry by leveraging technology to develop efficient and secure trading platforms.
3. Numismatic Collectibles Market - Disruptive innovation opportunities in the numismatic collectibles market by creating digital platforms for buying, selling, and trading rare coins.
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