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Bankrupt banks' memorabilia does roaring trade on Ebay

Sell! Sell! Sell!
Tue Sep 16 2008, 13:12

LEHMAN BROTHERS and Merrill Lynch aren’t the only ones frantically liquidating assets this week. Ex-employees are flogging their bank memorabilia on Ebay faster than you can say “Chapter 11”.

The online auction giant is doing a roaring trade this morning as everything from Merrill-emblazoned golf balls to Lehman-branded pins and shirts are being snapped up - as if there was no credit crunch or softening consumer market after all.

As the financial sector wakes up to smell the coffee, Lehman mugs were fetching as much as $48 a piece, whilst a black baseball cap bearing the bankrupt logo had already received bids up to $56.

Forward thinking Lehman/Merrill employees were probably the ones snapping up the logo-adorned duffel bags at $150 a pop; much-needed accessories for packing up Merrill-inscribed golf clubs when they clear their desks throughout this week.

Cashing in on Merrill Lynch’s humiliating $50 billion takeover by Bank of America, cyber opportunists were selling merger web domains for thousands of dollars, proving that the banks could make some money after all.

T-shirts, blazers, key rings, all going for top dollar. But one particular item really said it all; a slice of toast with the letters LB burned into it. Crunch, crunch. µ

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Comments
Matching Knowns

Civility and diplomacy are excellent grounds for matching unknowns but when you have a hole, there will be a ball or else there is no meaning to existence. A soiled pair of socks will find its rightful admirer otherwise pheromones will not exist. Which goes to show that “having” or “not-having” is not the point. The point is, why have anything. Sooner or later, people will have to uncover [an not “discover” as saviours are prone to declare] why they exist or else they’ll merely be a ball or a hole. Unless you really are a soiled sock or a sniffer. “Well punk, do you feel like sniffing, well ……?”

posted by : snifflings, 16 September 2008 Complain about this comment
XL Memorabilia

Anyone for a bit of XL memorabilia, I have a West Ham shirt, with XL Holidays across the front. Starting offers of £500 going quickly, you cant buy them in the club shop anymore.

posted by : Darren, 16 September 2008 Complain about this comment
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