|Cartier Love Bracelet
I ended up buying two Cartier Love bracelets, parting with over $9,000 in the process. I guess that purchase is a close tie with the BMW 128i Convertible I also bought in 2009 for the Stupidest Purchase of My Lifetime award.
It didn't take long at all before I regretted the purchase. The thing was, I wasn't sure how I could turn back. The price of gold was steadily rising, so I thought if I waited long enough, I could sell it for the gold. The best quote I received for the two was $2,350, so I held off.
Finally, I decided to try Ebay. Glad I did. I didn't get anywhere near what I paid for them, but the $5,850 I received sure helps me pay down some debt. I probably could have gotten even more - someone made an offer for the first one and I took it; the second sold for $850 more.
I'm not totally divorcing Ms. Cartier. I still have a money clip with her name on it that I use every now and then. It's not gold though so it's worth much less.