$1.9m warhammer sold to Japanese company for $3.8m at auction
The Japanese company that has been buying up new warhammer plates and other warhammer paraphernalia in recent years has sold its first piece to a US company for nearly $3 million, according to financial reports.
The Japanese company, Wurmhammer Ltd., has sold a $1,200 titanium warhammer to a San Diego company for a whopping $3,800, according a press release issued Thursday.
The warhammer was originally acquired by the company for an undisclosed sum in 2016, according the press release.
Wurmhammers are among the most coveted items in the world, said John F. Giambrone, chief executive of the Giambresi & Associates firm that owns the rights to the Warhammer brand.
Wurms are the prized possessions of the ancient Japanese warrior warriors, who used them as shields and as weapons.
The Warhammer brand has grown to become one of the most recognizable brands in the history of entertainment, with films like “Warhammer” and the new “BattleTech” game series starring Arnold Schwarzenegger.
The new deal brings Wurmmaster to about $1 million in sales and is the first of its kind, Giambe said in a statement.
“The deal with Wurmgren is an excellent investment for our company, as it will help us grow into a global company,” Giambrand said.
The company plans to sell the Wurmbans in its home market of the United States, with plans to begin the process in late 2018.
Würmhammer, based in Germany, has made the move to the United Kingdom to sell its Warhammer items to the UK.
The company is headquartered in Wurmlungen, Germany.
In August, the company said it was considering selling the Warhammer series to a British publisher, but no formal talks were reported by the news media.