An efficient synthetic protocol was developed for the formation of 2‐allylidene 1,3‐diones in very good yields via [3,3]‐sigmatropic rearrangement of O‐propargyl β‐enones. Good yields of highly functionalized substituted furan derivatives were synthesized from O‐propargyl β‐enones under gold‐catalysis via intramolecular cycloisomerisation.