Why Would Someone Pay $26,500 for a Fake Island?

In the past, we have run plenty of articles on expensive islands for sale, including islands for your holiday shopping list, a Connecticut Island for $2.1 million, and islands that have been reduced in price.

Now Forbes has reported that a student in Sydney, Australia has just paid $26,500 (in real money) for a Virtual Island, probably the most expensive virtual item of any kind. However, it is not such a bad deal, because he taxes virtual hunters on his virtual land and makes about $100,000 per year from those taxes (in real dollars).

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