Forget eBay, now billionaires have their own online auction place to buy, sell or barter their million dollar jewellery, yachts and mansions. It’s called Billionairexchange.com, a website where the minimum bid is US $1000.
However unlike eBay, this site guarantees all items' authenticity and will not release payment until the goods are delivered.
The site, which collects a fee of up to 5 percent per sale, claims to have 26,000 multimillionaires and "nearly a dozen" billionaires signed up, according to an article in the New York Post. Interesting! Perhaps billionaires can’t resist the website’s catch cry – “so register today, and start bartering like Billionaires”…