Not Even Celebs are Safe from the Recession

Five years ago, Hollywood funny man Eddie Murphy put his New Jersey residence on sale for $30 million.
Recently however, he marked it down. Way down, that is.
His property is now on sale for half its original price, $15 million.
The mansion also includes a bowling alley and a recording studio.
Nicholas Cage’s Bel Air home also suffered a similar fate.
Cage had to reduce its price from $35 to $17.5 million, even though he paid much less for it (about $7 million) when he bought it in 1998.
Luckily for Cage though, someone bought his property, even if it was for less than his asking price. Murphy though, is still waiting for someone to give him a good (or atleast reasonable) deal on his place.
It’s good to know that the economy’s condition hasn’t even spared Hollywood celebrities. The recession has affected a lot of people, and the rich and famous are no exception.
Here’s hoping everyone manages to get through this rough time alright, and it passes by quick!

Source: perezhilton.com

Elvis Presley's Belongings Auctioned Off

Some of Elvis Presley’s belongings were recently put up for sale.
Among the 200 items auctioned off were a clump of the late legend’s hair, a shirt, records, bathrobes, and scarves.
The hair is reported to have been cut off Elvis’s head in 1958, when he decided to go off to join the army. It was auctioned off for $15, 000, while his shirt went for $52, 000.
The thing to think about is, why was a clump of the rockstar’s hair saved and stashed away for such a long time?
More importantly, why would anyone spend thousands of dollars on things they can’t even use in these trying times?
The current state of the economy certainly doesn’t call for such waste. What use is a clump of hair, or a worn shirt, or any of the other items, when you run out of money because you were too busy blowing it on rubbish?

Source: perezhilton.com