2012 Summer Olympic development £400,000, as a representation of the number 2012, with the Olympic Rings embedded within the zero. The same logo was used for the first time for both the Olympic and Paralympic games. The standard colours are green, magenta, orange and blue. The logo colours were modified to allow the incorporation of a variety of colours, including the Union Flag to promote the handover ceremony. Sebastian Coe at the launch of the logo said:The logo builds upon everything that the organising committee has said about reaching out and engaging young people, which is where our challenge is over the next five
Olympic Games ceremony days, in the Olympic Stadium, and are thus the last medal presentation of the Games. In contrast to the opening ceremonies, many elements of the Olympic closing ceremonies gradually developed more by tradition than official mandate. Like the opening ceremonies, the closing ceremonies begins with the raising of the host country's flag and a performance of its national anthem. The traditional part of the closing ceremonies starts with the "Parade of Flags", where flag bearers from each participating country enter the stadium in single file, with the Greek flag in the lead (honoring the birthplace of the Olympic Games) and