Online swap shop opens for billionaires

by Staff, revolutionmagazine.com 13-Nov-09, 16:10

NEW YORK - A new website has launched aimed at incredibly wealthy individuals who want to buy or exchange incredibly expensive items with other incredibly wealthy individuals.

Billionairexchange has rather questionably been dubbed 'eBay for billionaires'. It touts itself as the first online auction and trade site for luxury items. While the name suggests it is for billionaires lonely, registration actually only requires to you say if your assets are below $500,000 somewhere between $1 million and $5 million or over that.

Nonethelss, wealth is no guarantee of gaining membership of Billionairexchange, with the site promising that signing up is 'an easy, yet stringent process in which we endeavour to screen for unqualified and/or undesirable elements'.

The site is also open to wholesalers, retailers as well as private parties, with members able to buy, sell, bid on items as well as exchanging them.