Stake in 186kg Gold Cube May Be Sold in Austrian Insolvency

A stake in a 186-kilogram (410 pound) gold cube is being prepared to be sold by the administrators of insolvent Austrian investor Klemens Hallmann.

The businessman owns a 32% stake in the Castello Cube, created by German artist Niclas Castello, according to Creditreform, a creditors’ protection association. Hallmann’s share of the hollowed out, 24-carat conceptual artwork will be transferred to the restructuring administrator to sell to maximize compensation for his creditors, they said.