Now THAT'S What I Call an Arbitrage!!!

Discussion in 'Politics & Religion' started by goldenarm, Nov 20, 2002.


    November 20, 2002 -- WARREN, Mich. - Bidding for one of Eminem's boyhood homes has surpassed $1 million on an Internet auction site.

    The modest Warren home, listed on eBay since Thursday, was appraised at $91,000. Bidding opened at $120,000, and by yesterday afternoon the high bid was just over $1 million.

    "It's just amazing the response we're getting," said Sebastian Lucido, a Utica attorney who bought the house with Roland Fraschetti, a Macomb County commissioner and real-estate developer.

    Eminem's uncle, Todd Nelson, sold the house this month for $45,000 to Lucido and Fraschetti. The 1,300-square-foot home has three bedrooms and two bathrooms.

    And there's still 24 days left in the auction! Do you think Em's uncle is pissed off?
  2. Babak


    Am I missing something? :confused:
    How is this 'arbitrage'?
  3. Arbitration of stupidity will always be en vogue.
  4. Rigel


    "Am I missing something?
    How is this 'arbitrage'?"

    He bought Enema's former house in the real estate market and sold it in the collectors market.
  5. Exactly right!

    I'm going to call up Todd Nelson and see if he can part with Enema's collection of drawings and rap notebooks for $50.
  6. vvv


    i'm afraid i'd have to ask, who is eminem?:D
  7. Those cute colorful things that melt in your mouth, not in your hand!
  8. vvv


  9. he's an annoying symbol of pop culture...
  10. vvv


    #10     Nov 20, 2002