Paris parking space auctioned for $654,000

June 23rd, 2009 - 5:25 pm ICT by IANS  

Paris, June 23 (DPA) An anonymous car owner in Paris, apparently fed up with looking for a place to park his car, has purchased a parking space in the heart of the city for the astronomical sum of 470,000 euros ($654,000), the daily La Tribune reported Tuesday.
The space is located on the bank of the Seine River in the heart of the chic Sixth Arrondissement.

It was put up for auction on June 16 by the Paris City Hall for a starting price of 200,000 euros, a price justified by its rarity in that part of the capital. But the bidding heated up quickly.

The final purchase price is roughly the equivalent of that for a three-room flat in a more modest neighbourhood of Paris, La Tribune said.

No information about the identity of the buyer was provided.

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