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Bear Stearns mementoes fetch more than shares
With Bear Stearns’ stock fetching only $2 a share, folks seem to be making more of a killing on souvenirs.
An EBay search for Bear Stearns returns a mix of odd items ranging from a 99-year-old magazine article about the 1909 crash ($10.49), a stuffed bear dressed in a vest and tie ($51.00), as well a various stock certificates ($8.49 – $14.99). There are also T-shirts, windbreakers, and backpacks each priced at $2 a piece — ironic?
For the true collector there’s a Bear Stearns cafeteria card. So far, that’s received 10 bids and now is bidding at $16.50, plus a $5 shipping fee. That is equivalent to about 4 shares of Bear stock as of Wednesday’s close.
Finally, in the true spirit of capitalism, some entrepreneur has found a way to make money out of others’ despair. For $17.99, you can buy a T-shirt reading “I invested my life savings in Bear Stearns and all I have left is this lousy T-shirt” — perfect for anyone with a Bear employee on his or her list.
(PHOTO: Ebay website)
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Nice Steve!
[...] of many things fetching more than Bear’s shares? Bear souvenirs. Reuters DealZone blog writes: “An EBay search for Bear Stearns returns a mix of odd items ranging from a 99-year-old [...]
I’d buy the t-shirt for $1 – if JPMorgan Chase can get a bargain, why can’t I?