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.
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.
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.
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.
A rich 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.