pimpshiznid Posted November 27, 2005 Share Posted November 27, 2005 SPENCER, Ind. -- A Michigan real estate developer was the highest bidder for a square-inch piece of land in Owen County, shelling out $1,752.60 for the parcel in a wooded ravine.Andy Gutman, chief financial officer with NAI Farbman near Detroit, had the highest of nine bids and won the postage stamp-sized property on eBay. Bidding on the .0000000159 of an acre started at $1,224 -- the amount owned in back taxes, interest and fees after the land went unsold during a recent tax sale. The online auction ended Thanksgiving evening. Owen County attorney Richard Lorenz said he'll make final arrangements on Monday to transfer the deed for the land southeast of Terre Haute. The Associated Press left messages seeking comment Saturday at Gutman's office. One of the unsuccessful bidders, John Jadamed, of Japan, said he had planned to carry the land in his pocket if he'd won the property. "I know it was a lot of money for a little bit of land, but something about it made me laugh and want to buy it," Jadamec said in an e-mail to the paper. "I still think it would have been fun to own." At the per-square-inch selling price, an acre of the land would have cost more than $7 billion. After the land's back taxes are paid -- along with the $35 listing fee for eBay -- First National Bank in Cloverdale will receive $492.92. Source :ermm: Shoulda bought an XBox 360 instead. :p Link to comment Share on other sites More sharing options...
Corona Posted November 27, 2005 Share Posted November 27, 2005 some people are unbelievable lol Link to comment Share on other sites More sharing options...
Code.Red Posted November 27, 2005 Share Posted November 27, 2005 Wow, whats the point? :p Link to comment Share on other sites More sharing options...
Eli Posted November 27, 2005 Share Posted November 27, 2005 Wierdest news article I have seen in a long time. Link to comment Share on other sites More sharing options...
Doli Posted November 27, 2005 Share Posted November 27, 2005 Wow, whats the point? :p 586858033[/snapback] grab a handfull of dirt and off to Ebay it :pinch: Link to comment Share on other sites More sharing options...
pimpshiznid Posted November 27, 2005 Author Share Posted November 27, 2005 grab a handfull of dirt and off to Ebay it :pinch: 586858052[/snapback] Handful?!? A pinch. :laugh: Link to comment Share on other sites More sharing options...
Crazysah Posted November 27, 2005 Share Posted November 27, 2005 Wierdest news article I have seen in a long time. 586858056[/snapback] I completely agree! :D Link to comment Share on other sites More sharing options...
Tomi Posted November 27, 2005 Share Posted November 27, 2005 Some people have waay too much money. >_< Link to comment Share on other sites More sharing options...
webeagle12 Posted November 27, 2005 Share Posted November 27, 2005 ebay is the place for idiots lately :pinch: Link to comment Share on other sites More sharing options...
Dave Veteran Posted November 28, 2005 Veteran Share Posted November 28, 2005 I suppose that if someone wanted to develop the surrounding area they might need to buy this small piece at an even more inflated price. Though if I were a developer I would just build around it. Link to comment Share on other sites More sharing options...
ahhell Posted November 28, 2005 Share Posted November 28, 2005 I should put a shovel full of dirty snow up for auction. I'm sure some dumbass would buy it....afterall us Canadians have the snowiest snow in the world. :rolleyes: More proof that the human race is doomed. Link to comment Share on other sites More sharing options...
Hurmoth Posted November 28, 2005 Share Posted November 28, 2005 I should put a shovel full of dirty snow up for auction. I'm sure some dumbass would buy it . . . 586864061[/snapback] Unfortunately you're right about that. Some stupid airhead would buy it :wacko: But this isn't that bad; toast with a burned spot that may resemble Michael Jackson is bad. Link to comment Share on other sites More sharing options...
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