Welcome back to pre-financial crisis insanity levels. I recall one of the wildest stories from back in early 2008 near the height of the oil price bubble was about how the wealthy in the UAE were spending tens of millions of dollars buying and selling license plates. Yes, just regular aluminum license plates. The most insane example of this was the $14.3 million paid for one in particular.
Well the stupidity is back, and this time it’s coming in the form of $850,000 motorcycles.
CNBC reports that:
It wasn’t that long ago that the first $1 million car was news. Now, a two-wheel vehicle is about to hit seven figures.
The motorcycle, called “Goldfinger,” was plated with 24-karat gold and covered with 250 small diamonds totaling more than 7 carats. The seat is upholstered with what the company calls a “unique cognac-colored crocodile skin” and the bike’s parts—859 of them—were individually gold-plated by hand.
It was shown at special events in Monaco and Dubai, before a private buyer snapped it up.
The sale price: $850,000.
Uffe Lauge Jensen, the company’s founder and chief creator, declined to comment on the buyer or even the buyer’s country. But he said there were many buyers interested in Goldfinger despite the price.
“It was very popular,” he said.
But Lauge Jensen said he’s already working on something bigger. Though he’s vague on specifics, he said he’s working with a customer on a motorcycle that could easily top $1 million. Basically, he said, it’s a piece of jewelry on two wheels.
Can we finally stop persecuting the poor billionaire oligarchs already?
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