This was the final prize in the Amarr Championship in 2003, where the pilot Ecliptical fought off four other champions to win this singular rare ship.
On April 24th 2004, the then owner of the first ship, Tyrrax Thorrk, saw it destroyed in battle by pirates from the M0o corporation. It was therefore not to be seen again in EVE for many years.
CCP planned to give 2 Gold Magnates as prize in a Somer Blink lottery in 2013, but after receiving criticism, they were changed to Stratios Emergency Responder.
Twelve years after the first Amarr Championship however, a total of four Golden Magnates were given to the new champions of Amarr. This was the Tash-Murkon family team, captained by Kelon Darklight, and members Lucian IV, Maxine Antilles and Wasa Qc.
Maxine Antilles is said to have tried to sell hers in April 2016, but apparently bids of 1.5 trillion ISK were not enough. Maxine apparently tried to sell it again. After that did not happen, the pilot created an alt and proceeded to blow up her Magnate, leaving EVE in June 2017.
When Wasa Qc quit EVE, he gave his Gold Magnate to Jalep Malukker. In March 2019, this Gold Magnate was destroyed in Placid by pilots from PIBC.
This leaves just two Golden Magnates in EVE. The one belonging to Kelon was sold for charity in January 2020. Top bid was 3.5 trillion ISK from Illectroculus Defined aka Scott Manley.