Two novel double-stranded dicopper(II) metallacyclophanes of formula (nBu4N)4[Cu2(dpeba)2]·4MeOH·2Et2O (1) and (nBu4N)4[Cu2(tpeba)2]·12H2O (2) have been prepared by the Cu(II)-mediated self-assembly of the rigid ('rod-like') bridging ligands N,N'-4,4'-diphenylethynebis(oxamate) (dpeba) and N,N'-1,4-di(4-phenylethynyl)phenylenebis(oxamate) (tpeba), respectively. Single crystal X-ray diffraction analysis of 1 confirms the presence of a dicopper(II)tetraaza[3.3]4,4'-diphenylethynophane metallacyclic structure featuring a very long intermetallic distance between the two square planar Cu(II) ions [r = 14.95(1) Å]. The overall parallel-displaced π-stacked conformation of the two nearly planar para substituted diphenylethyne spacers [dihedral angle (ψ) of 7.8(1)°] leads to important deviations from the perpendicular orientation of the copper mean basal planes with respect to the facing benzene planes [dihedral angles (φ) of 56.4(1) and 58.4(1)°]. X-band EPR spectra together with variable-temperature magnetic susceptibility and variable-field magnetization measurements of 1 and 2, both in solution and in the solid state, show the occurrence of a non-negligible, moderate to weak intramolecular antiferromagnetic coupling [-J = 3.9-4.1 (1) and 0.5-0.9 cm(-1) (2); H = -JS1·S2 with S1 = S2 = SCu = 1/2]. Density functional calculations on the BS singlet (S = 0) and triplet (S = 1) spin states of the model complexes 1 and 2 with an ideal orthogonal molecular geometry (ψ = 0° and φ = 90°) support the occurrence of a spin polarization mechanism for the propagation of the exchange interaction between the two unpaired electrons occupying the dxy orbital of each square planar Cu(II) ion through the predominantly π-type orbital pathway of the double p-diphenylethyne (1) and di(phenylethynyl)phenylene spacers (2). Time-dependent density functional calculations reproduce the observed bathochromic shift of the main intraligand (IL) π-π* transition in the electronic absorption spectra of 1 and 2 [λ1 = 308 (1) and 316 nm (2)]. In the series of orthogonal model complexes 1-5 with linear oligo(p-phenylene-ethynylene) (OPE) spacers, -C6H4(C≡CC6H4)n- (n = 1-5), a linear increase of the IL π-π* transition energy with the reciprocal of the intermetallic distance is theoretically predicted [νmax = 1.99 × 10(4) + 2.15 × 10(5) (1/r) (S = 0) or ν = 2.01 × 10(4) + 2.18 × 10(5) (1/r) (S = 1)], which clearly indicates that the effective π-conjugation length increases with the number of phenylethyne repeating units. This is accompanied by an exponential decay of the antiferromagnetic coupling with the intermetallic distance [-J = 1.08 × 10(3) exp(-0.31r)], which supports the ability of the extended π-conjugated OPEs to mediate the exchange interaction between the unpaired electrons of the two Cu(II) centers with intermetallic distances in the range of 1.5-4.3 nm. Further developments may be then envisaged for this new family of oxamato-based dicopper(II) oligo-p-phenylethynophanes on the basis of the unique ligand capacity to act as a molecular antiferromagnetic wire.