BillionaireXchange: Online Auctions For The Rich

Rich? Here’s a new site designed for millionaires and billionaires. It’s called BillionaireXchange. Now you can buy luxury items such as Lamborghini’s, $25,000 bottles of Cognac, to $40.4 million private jet planes.

Rich and also down on your luck? Now you have a place to sell your mega-yachts, super-cars and family jewels without having to resort to the pawn shop.

There is a 5% fee on listed items. Users must also be rich, having a net worth of over $2 million. The site is now said to have 26,000 multi-millionaires, and “nearly a dozen” billionaires as members.

“Because of the current economic conditions in the U.S. we’re seeing a lot of people who need to actually trade out or trade down from some of their luxury items and facilitate that transaction somewhere discreetly and privately so that they don’t have to deal with the shame and or embarrassment of downgrade.”

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1 Comment so far

  1. Edward on November 16th, 2009
    MyAvatars 0.2

    The guy who created this site is smart, he can earn millions by just charging fees on listed items

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