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Published January 03, 2007
Proper Fractions
Your Own Fraction of the Good Life
But before you go blowing it on your usual indulgences—video belt buckles, pyramid schemes, cheese—treat yourself to something more substantial this year, like a Picasso or a 90-foot yacht.
Thanks to fractionallife.com, owning a piece of what were once Robin Leach-level extravagances is now just a modest check away.
An "online asset-sharing superstore," fractionallife.com allows users to partially own more than a dozen types of mega-dollar items: jets, classic cars, boats, helicopters, vacation homes, night clubs...even racehorses. ("See that filly over there? Her back left hoof belongs to me.") As with timeshares, you are entitled to use your purchase for an agreed-upon period every year. Even better than with timeshares, you actually own a freehold share in the property—meaning if its value goes up, you can sell your stake in it for a nasty profit.
So, depending on the heft of your bonus, here's what you can buy...
- For $500: one weekend a year with a Porsche 911
- For $1,000: 1/50th of a
- British racehorse
- For $200,000: 1/20th of a European wine estate
- For $400,000: 1/16th of a Raytheon Hawker 400XP jet
- For $1 million: 1/82nd of Vincent van Gogh's "Portrait of Dr. Gachet"
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