Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million

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.