This will look oh so stupid a few years from now. Even more stupid than it looks today. Some people got filthy, FILTHY, STINKING rich these past few years thanks to oil and real estate. And now they're blowing it fast and furious. I love this story for some reason. And the picture is priceless.
ABU DHABI, United Arab Emirates - A license plate with nothing but the number "1" on it went for a record $14 million at a charity auction Saturday.
"I bought it because it's the best number," said Khouri, whose family made its fortune in real estate. "I bought it because I want to be the best in the world."
On Saturday, 90 license plates were auctioned off in all, raising a total of $24 million. The previous five such events raised more than $50 million.
February 17, 2008
There is still way too much cash sloshing around the world thanks to the global real estate bubble. I submit the #1 license plate - for $14 million
Posted by blogger at 2/17/2008