February 23, 2010
World's Most Expensive Virtual Object
It has been a while since we've blogged here about virtual property. Forbes.com has a story about a 27-year-old graduate student from Australia who paid $26,500 for an island in the virtual world Entropia. It seems like a good deal for him -- he apparently makes over $100,000 per year off of the island.
Thanks to my student Ulysses Wilson for the pointer.
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Interesting article. It continues to amaze me that people still say, as the author did, "you might still wonder why people are willing to pay for things that don't really exist." What does "really exist" mean, anyway? Did much of what sold on Wall Street in recent years "really exist?" At least you can see virtual property!
Posted by: Juliet Moringiello | Feb 25, 2010 6:45:38 AM