Are We Really in a Recession?

Considering the high prices paid at auctions recently, it makes you wonder if the recession is really all that bad:

$1,000 for a Popsicle

Hat sold for $131,000

A $2,000,000 lunch

Dress that sold for $4.6 Million

$110,000 for a Gun

$2.3 million for a Photograph

Who Would Pay $4.6 Million for a Dress?

Yes, $4.6 million was pad for a dress at an auction recently, but it wasn't just any dress. It was the dress that Marilyn Monroe wore in 'The Seven Year Itch' where the air was blowing it up.

The dress was consigned to the auction by the famous singer, dancer, and actress Debbie Reynolds. Other dresses and Hollywood collectibles were also sold.


Picture from Wikipedia

Warren Buffett Lunch Hammered at $2,345,678

The lunch with Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B) at Smith & Wollensky in New York City that was auctioned off on eBay (EBAY) went for $2,345,678, and the high bidder agreed to increase the top bid to $2.63 million to set a new record. The proceeds go to the Glide Foundation in San Francisco.

There were eight bids but most of the spirited bidding took place during the first couple days of the five day auction.