Metaverse Blockchain Company Coinllectibles Teams Up With 33 Auctions To Launch Singapore’s First DOT Art & Collectibles Auction
Exclusively curated set of 33 pieces appreciated above 500,000 USD will have an associated digital ownership Token (DOT), which will allow owners to resell the physical collectibles on other NFT marketplaces
SINGAPORE, 18 October 2022 /PRNewswire/ — Metaverse Blockchain company Coinllectibles™️, a wholly owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG) is pleased to announce that it will partner with 33 Auction to launch Singapore’s first art and collectibles DOT auction. The auction will take place on the evening of the Web 5.0 conference on 1 November 2022 at the Grand Copthorne Waterfront Hotel from 19.30 to 21.00.
Up for auction is an exclusively curated set of 33 items – which includes paintings, sculptures and limited edition watches. Serving new collectors, there will be a selection of items with starting bids at S$500 (US$352). Aimed at experienced collectors, there will be a wide selection of collectibles with the highest starting bid at S$290,000 ($204,225) – for a one-of-a-kind Quinting Panda watch. Some of the other notable pieces up for auction include:
- Limited edition [email protected] 1000% PVC sculpture with varying designs and starting bids ranging from S$800 (US$563) to S$1200 ($845).
- SALVADOR DALI | Don Quixote. 54.3 x 76 cm limited edition lithograph (86 of 300 editions) signed and dated 1956 with starting bid at S$1500 (US$1056).
- YUE MINJUN | Untitled. 106 x 78 cm limited edition silkscreen on paper (23 of 40 editions) signed and dated 2001 with starting bid at S$3500 (US$2465).
- YANG XUN | Pavilion Passion 5. 180 x 180 cm oil on canvas painting with starting bid at S$15,000 (US$10,563).
The full list of auction items is available at the following link:
All auction items will have an associated digital ownership Token (DOT), which will allow owners to resell their physical collectibles on Coinllectibles MetaMall (www.Coinllectibles.Art) as well as on third-party NFT marketplaces.
Comments to the auction, Terry Leehead of art at Coinllectiblessaid, “When we planned the first DOT auction in Singapore, we toyed with the possibility of collaborating with well-known auction houses from abroad. However, we want to provide direct value to Singapore and Asia art scenes. We strongly believe that tailor-made auction houses – such as 33 Auction, have an important role to play in the development of a vibrant regional art ecosystem. After some consideration, we concluded that 33 Auction is an ideal partner to help us achieve the desired result.”
33 Auction was founded in 1999 one of Singapore’s leading boutique auction house in the Asian Contemporary Arts Scene with branches in Singapore, Indonesia and China. One of the more notable achievements saw 33 auctions Liu Kang’s Street Scene Painting – Singapore Trengganu Street for more than 80% above estimate during the Singapore Art Week 2019 auction. Liu Kang was a well-known Singaporean artist known for his Balinese-themed figurative painting, and that auction helped set a record price for S$183,000 (US$128,873) for his paintings.
Commenting on the collaboration with Coinllectibles, David Fudirector at 33 auctionssaid, “I’m very intrigued by the idea of digital ownership tokens. As a director of an auction house, I can certainly see many potential uses for it. One thing that caught my attention is how auction winners can immediately put DOTs up for sale on NFT marketplaces. If this works properly, it will definitely make it easier to enthusiasts for collecting art and collectibles. In addition, it will give the entire art ecosystem access to new groups of young collectors – those who previously may not have considered investing in traditional art and collectibles.”
The first DOT art and collectibles auction by Coinllectibles & 33 Auction is a free event. However, participants must register to participate and bid during the auction. For more information, see the information below.
Title: Coinllectibles & 33 Auction Arts & Collectibles DOT Auction 2022
Date: 1 November 2022
Address: Grand Copthorne Waterfront. 392 Havelock Road, Singapore 169663
Time: 19.30 – 22.00
Registration:
For more information about the Web 5.0 Conference, please visit www.Coinllectibles.Art/Web5Conference. For more information on Coinllectibles and its DOT offering, please visit www.Coinllectibles.Art.
Forward-looking statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “target,” “intend,” “see until’, ‘may’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘should’, ‘will’, ‘would’ and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities, including the expansion into the decentralized funding space. These forward-looking statements are not promises or guarantees and involve significant risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein, include uncertainty related to the operation of a business in Singapore and Hong Kong, risk of PRC government interference, ability to compete, that financial resources will not last as long as expected, and that COSG is a holding company that may not realize the expected benefits of DOTs offered by Coinllectibles™️. A further list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory filings with the US Securities and Exchange Commission, included in its Annual Report on Form 10-K filed at 15 April 2022. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances or otherwise.
For media inquiries, please contact:
[email protected]
About Cosmos Group Holdings Inc
Cosmos is a business group that operates in two business segments:
- Art and collectibles
- Financing
Through Coinllectibles™, the group offers authentication, valuation and certification (AVC), sale and purchase, hire purchase, financing, custody, security and exhibition services (CSE) to art buyers through traditional channels, as well as by leveraging blockchain technology through the creation of Digital Ownership Tokens (DOTs ).
With subsidiaries licensed under Hong Kong’s Money Lenders Ordinance The group currently provides primarily unsecured personal loans to private individuals, with a small portfolio of mortgages. The group integrates the two business segments by offering secured financing services to potential buyers of art and collectibles to provide a one-stop experience in buying and financing art and collectibles.
About the Company – Coinllectibles™️
Coinllectibles™️ is a technology company that supports the collectibles industry with a focus on rare memorabilia and works of art that exist and have intrinsic value in the real world, whether tangible or intangible in nature.
Coinllectibles™️ uses blockchain, marketplace, metaverse and DOT technologies as tools to disrupt and improve the real world collectibles industry. The technology underlying DOTs (Digital Ownership Tokens) has several functional use cases that Coinllectibles™️ applies in areas such as art, sports, watches, numismatics, limited edition toys, limited edition fashion apparel and sneakers. DOTs have the power to transform our communities, and some areas may be subject to regulation. Coinllectibles™️ uses DOT technology exclusively to provide a legally binding digital ownership token (POINT) to a tangible or intangible collectible.
Website: www.coinllectibles.art
Facebook: https://www.facebook.com/Coinllectibles
Instagram: https://www.instagram.com/coinllectibles/
Twitter: https://twitter.com/coinllectibles
LinkedIn: https://www.linkedin.com/company/coinllectibles
Telegram:
About Coinllectibles™️ Fusion DOT
Coinllectibles™️ is proud of Fusion DOT as the industry’s “gold standard”. As a gold standard, a Fusion DOT contains the following on Arweave – (1) a sale and purchase agreement reflecting the purchase, by the person imprinting the Fusion DOT™️, of the underlying asset at fair value with all rights and restrictions clearly detailed, (2) bailment terms governing the rights of possession while the underlying asset remains with Coinllectibles™️, (3) a transfer deed reflecting the transfer of ownership of the underlying asset (together with all rights and restrictions) from the transferor to the holder of Fusion DOT™️, (4) title deed entered into the description by Fusion DOT™️ and (5) the unambiguous identification file of the underlying asset, whose ownership is reflected in the deed represented by Fusion DOT™️.
SOURCE Cosmos Group Holdings Inc.
