Tuesday, October 14, 2008

GOOD ECONOMIC NEWS

Good Economic News

The Scotland auto license "S1" just sold for 400,000 British pounds ($752,000). Now the city of Edinburgh, Scotland, wants the Lord Provost to sell his plate, "S0," worth perhaps 500,000 pounds ($940,000). He says it belongs to the city and he will not sell. Some in the city think money from the plate's sale could be used to improve city services; others think it is a symbol that should remain with the city and not be sold. Plates in Dubai and Hong Kong have sold for similar prices, but valid license plates are rarely sold by individuals in the United States.

A carved rock crystal pitcher at first thought to be a cheap French claret jug just sold for $5.58 million. It was made for Egyptian rulers about a thousand years ago. The ewer, carved from a large piece of flawless rock crystal, was at first thought to be glass. Estimated at less than $350 at a small-town auction awhile ago, it sold for $383,692. It was resold for the record price at a later auction. We always wonder how expensive antiques like this hide for so many years without being noticed. It couldn't have been packed away in a little box all these years.

4 comments:

Anonymous said...

I like the idea of being packed away in a little box for 1,000 years .. now if they could find the little box just THINK WHAT IT WOULD BE WORTH. We all know about items with original boxes!

Anonymous said...

The state of Delaware is famous for selling their license plates. Many think of it as a status symbol. Families leave them in their will. I have a cousin [in his 80's] who inherited it from his Dad and he will leave it to his daughter(s). What will they do with it? It's a 3-digit number and who knows what it would sell for at an estate auction.

EleanorA said...

What a shame that so many Egyptian artifacts have been removed from the country and are secreted away in private collections. Doubtless many scholars might like an opportunity to study this object, not that they'll likely ever get the chance.

Anonymous said...

HEY WHATS UP! NO PICTURE OF THE PITCHER??? SOMEONE SPENDS OVER 5 MILLION ON A PITCHER & "NO PICTURE"!!!??? THIS REMINDS ME OF THE CORPERATE MEDIA NEWS COVERAGE THAT AMERICANS "HAVE NOT" BEEN GETTING FOR THE LAST 8 YEARS. SORRY I GUESS I'M STILL VERY ANGRY ABOUT BUSH & THE REBUBLICANS TRILLION DOLLAR GOLDEN PARACHUTE RIPPOFF! BEFORE THEY LEAVE OFFICE IT'S THEIR LAST KISS OF DEATH TO AMERICANS & OUR LIP SERVICE DEMOCRACY.