Saturday, July 26, 2014

For the Billionaire Who Has Everything: Buy Your Own Town

Maybe you already have a yacht, an island, and a Rolex, but you want something different. How about buying your own town?

The town of Aladdin, Wyoming is up for sale for only $1.5 million. Isn't that a great name for the name of a town? The community has a population of 15, a bar, a general store, and an outhouse.

The only drawback is that there is no indoor plumbing or sewage system. But that shouldn't matter to you. If you can afford the one and a half million, you can certainly afford a few upgrades.

Thursday, July 24, 2014

Man Buys a $30 Million Cup and Gets a Huge Bonus

One of the wealthiest men in China, Liu Yiqian, recently bought a very rare Ming Dynasty cup at Hong Kong Sotheby's auction. The cup, which is five centuries old, was hammered at $30,000,000. There are only 17 known to exist.

He paid for the purchase with his American Express Black Card (Centurian Card) and the auction house had to do over 20 transactions in order to complete the sale, due to the limit size on transactions.

What he hadn't realized at the time, but now does, is that he earned rewards points on that transaction. As a matter of fact, it amounted to 422,860,000 rewards points!

He can buy a lot of flat panel TVs and Apple iPads with those points.

Tuesday, June 24, 2014

Oscar Statue Hammered for $79,200

Briarbrook Auctions recently auctioned off a rare 1942 Academy Award Oscar statuette for $79,200, with an original estimate of $5,000 to $30,000.

It was issued at the 15th Academy Awards to Joseph C. Wright for color art direction, one of two Oscars that he won.

Normally the Academy doesn't allow the sale of the Oscar statues by families of the recipients, however, because the statue was issued prior to 1950, when the restriction went into effect, the Academy allowed the auction to go through.

Friday, June 20, 2014

Disney Home Sold for $74 Million

Walt Disney House
Image courtesy of The Agency
The five acres that Walt Disney bought in 1949 in Holmby Hills, California just sold for $74 million. Disney built a 5,500 square foot home on the site had 17 rooms. Disney built a small scale railroad track on the properties, with trains just large enough to ride in.

He sold the home in 1998 for $8.5 million, and the new owner tore down the home and built a tri-level 35,000 home. It had 17 bathrooms and eight bedrooms.

The new owner just sold the house for a $16 million discount, as it was listed for $90 million.

Wednesday, June 18, 2014

1856 British Guiana One-Cent Magenta Stamp Sold for $9.5 Million

At a Sotheby's auction in New York, 1856 British Guiana One-Cent Magenta stamp sold for $9.5 million, including buyer's premium. The auction lot had an estimate of $10 million and $20 million.

It is considered to be the rarest and most valuable of all single stamps. The name of the successful bidder was not disclosed.

The stamp was being auctioned for the estate of John E. du Pont, who had originally paid $935,000 for the stamp.

ABC US News | ABC Celebrity News

Friday, June 6, 2014

Warren Buffett has been Bid up to a Million Dollars

In case you weren't aware, there has been an auction going on this week for the rights for you and seven friends to have lunch with Warren Buffett in New York.

 There has been some spirited bidding, with the bids starting at $25,000 and currently over $1 million. You need to be qualified as a bidder in order to place a bid.

The auction is being run by eBay, and the proceeds of the auction will go to the Glide Foundation.

Keith Haring Pictures Worth a Lot on Pawn Stars

A man on the Pawn Stars TV show walked into the pawn shop with a couple pictures created by Keith Haring. Haring's works are similar in type to Andy Warhol.

The owner of the artworks was shocked when he heard what they were worth from the appraiser. They ended up being valued at $40,000 to $50,000 each.

Friday, May 16, 2014

Rare Inverted Jenny Stamp to be Auctioned in New York

An example of an Inverted Jenny 24 Cent Stamp
Have you ever collected stamps? If so, you might want to bid on an Inverted Jenny, one of the rarest and most famous error philately items in history. In case you aren't aware, the Invested Jenny is a United States 24 cent stamp with an airplane printed upside down in error.

The auction for this rare stamp will be held in New York City on May 21, 2014 by the auction house Spink USA. This will be a single vendor auction of one lot.

This is a mint never hinged stamp. Only five MNH stamps are known to exist. The last time one of these sold was in October of 2013. It was hammered at $500,000.

For more information on this auction, contact Spink at 212-262-8400.

Thursday, May 15, 2014

Steve Wynn Bought Popeye for $28.2 Million

At a Sotheby's auction, a Jeff Koons's sculpture of the cartoon "Popeye"was hammered at $28.2 million.

The successful bidder was none other than the wealthy casino owner, Steve Wynn.

Monday, May 5, 2014

The Most Expensive House in America Just Sold for $147 Million

Hamptons property, 60 Further Lane

The most expensive home in the United States just sold for $147 million in a private transaction, making local real estate agents very unhappy. The 18 acre estate is located on 60 Further Lane in East Hampton.

The lucky purchaser was Barry Rosenstein, the hedge fund manager of Jana Partners, and he bought it from the estate of Christopher H. Browne, the former managing director of an investment company.

If there had been a 6% commission on this transaction, the Realtors would have made 8.82 million.

Image courtesy of Bing Maps