Crazy Things Rich People Buy

Crazy Things Rich People Buy - MoneyExaminers.com

There are plenty of benefits the wealthy enjoy, including indulging in some pretty crazy hobbies and collections. The most expensive things rich people buy include rare cars, high-end works of art and plenty of jewelry, including some of the rarest pieces on the planet.

These are just a few of the highly expensive crazy things rich people buy.


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Ultra Expensive Vehicles

One of the most common indulgences among the wealthy is of the four-wheeled variety. But the prices paid for some of the richest Americans cars are crazy.

Billionaire Craig McCaw purchased a 1962 Ferrari GTO for $35 million. The purchase was so large, the car is officially recognized as the most expensive car in the world.

While not quite as pricey as this one, a 1931 Bugatti Royale Type 41 Kellner Coupe was purchased at auction in 1987 for $9,800,000.

This particular car was one of only six vehicles built, and one of only three sold. It was bricked into Bugatti’s French garage at one point in order to hide it from Nazi soldiers.

A 1937 Bugatti Type 57 Atlante Coupe was purchased in California in 2008 for $7,920,000.

This car was once owned by Bugatti collector Dr. Peter Williamson before he died of cancer. A 1965 Shelby Daytona Cobra Coupe that won the 24 Hours of Daytona race in 1965 was purchased in 2009 for $7,685,000.

Super Fine Art

Wealthy people seem to enjoy buying art for their collections.

Not only is it addicting, art increases in value so it’s a sound investment rich people buy. In 2006, Pablo Picasso’s “Dora Maar au chat” was sold at Sotheby’s to Georgian billionaire Bidzina Ivanishvili for a cool $95.2 million. If you think that’s something, in 2010, London-based billionaire Lily Safra purchased Alberto Giacommeti’s sculpture “Walking Man I’ for $104 million.

The year 2006 brought about the sale of Gustav Klimt’s “Portrait of Adele Bloch-Bauer” to cosmetics mogul Ronald Lauder for $135 million.

Rare Jewelry

Heirloom jewelry pieces and diamonds large enough to be blinding are traditions among the wealthy. Another fantastic investment, most wealthy families and celebrities can show off at least a few pieces with awe-inspiring price tags.

One of those, owned by Laurence Graff, is the Wittelsbach-Graff Diamond. It was purchased in 2008 for $24.3 million and is rumored to be a diamond from the dowry of Margaret Teresa, the daughter of King Philip IV Spain.

An anonymous bidder scored the magnificent emerald and diamond tiara that was given to German Prince Guido Henckel von Donnersmarck’s second wife Katherine in 1900.

The tiara contains 11 polished pear-shaped emeralds (500 carats) and cost the bidder $12.76 million.

In the 1960’s, a rich man commissioned a ring from Bulgari for his wife. The ring is a rare blue diamond and has a value of $2.9 million, one of the most expensive jewels in the world.

Rare Wines Break Records

The pricey world of rare wines is breaking records, reaching almost $200,000 for a single bottle. Rare wines are so expensive that some collectors allege counterfeiting of vintage wines is a widespread crime that endangers the world’s most expensive wines.

The next time you complain about the high price of your favorite vino, just consider what the most expensive wines sell for before you pop that cork.

2009 Château Margaux

The most expensive bottle of retail red wine in the world is the 2009 Château Margaux. A 12-liter bottle of the legendary Boudreaux will cost $195,000.

However, you’ll have to fly to Dubai if you want to add a bottle of it to your wine cellar.

The vintage is only available at one wine store in the Middle-east nation, and you’ll have to hurry to get one because there are only six bottles available.

Each bottle has a gold encrusted label and some very nice perks as the buyer of the Balthazar you’ll receive a first class trip to Bordeaux for a private tour of the vineyards and dinner with the chief winemaker.

1811 Chateau d’Yquem

If whites are more to your liking, the world’s most expensive white wine is an 1811 Chateau d’Yquem. A bottle of the rare vintage sold for a mere $121,552.50 in 2011. mew-2Owner Christian Vanneque doesn’t even plan to drink it.

Instead, he’ll display the rare find in a bulletproof showcase at his SIP Sunset Bar Grill in Bali, Indonesia.

This most sought after white, however,  is simply too expensive to drink or serve for most connoisseurs so it is unlikely that anybody will ever taste it.

White wines are known to have less body and staying power than reds, however, so if and when the cork is ever popped is a question for the ages.

1945 Château Mouton-Rothschild Jeroboam

Vanneque’s rare bottle of Château d’Yquem may be an investment to adorn his bar and grill, but the most expensive single bottle of wine in history was a 1945 Château Mouton-Rothschild Jeroboam that sold for $310,700 at Sotheby’s auction house in New York.

If this giant bottle would have been a standard 750 milliliter bottle, it would have only fetched  $51,783. By the way, 1945 is considered to be the one of the very best vintages of the 20th century and Mouton-Rothschild one of the world’s greatest clarets.

1947 Château Cheval Blanc

The second most expensive bottle of wine in history was a Impérial-bottle of  1947 Château Cheval Blanc, which sold at auction for $304,375. It’s easy to see why this wine is called the greatest Bordeaux of all time.

mew-4Château Lafite has a reputation for producing some of the world’s most expensive wines. The highest priced bottle of Lafite, a 1869 sold for $233,972 in 2010 to an anonymous Asian bidder.

It isn’t known what the bidder did with the wine, although it is doubtful that anybody drank it. Most of the world’s most expensive wines are purchased as investments.

1787 Château Lafite

Another expensive rare wine is a bottle of  1787 Château Lafite that supposedly belonged to Thomas Jefferson.

The late Malcom Forbes purchased the bottle for $160,000 in 1985. When adjusted for inflation, that comes to $315,000 in modern money, so if that bottle ever comes on the market again, it could become the world’s most expensive bottle.

1945 Romanee Conti

One really rare vintage you might be lucky enough to find is a 1945 Romanee Conti.  With only 600 bottles produced during World War II, this wine is very rare indeed and fetched the striking amount of $123,900 at a Christie’s auction.

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