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Millionaire Fair opens in Munich amid financial crisis

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JI7 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-18-08 07:49 AM
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Millionaire Fair opens in Munich amid financial crisis
More journalists than shoppers perused the floor of the exhibition hall on Friday afternoon at the event for buyers of goods for the ultra-rich, but fair director Klaas Obma said he didn't think the crisis would keep rich shoppers from buying high-priced wares.

"I think it's quite the opposite," Obma said. "People want something nice to look at in their garage or living room, something to help them forget their troubles."

The four-day trade show markets itself as a place for the rich to shop for "the most beautiful and exclusive products and services."

At a cost of $50 for admission, visitors can visit the stalls of more than 100 exhibitors selling everything from jewelry to private helicopters.

Obma said he expects some 20,000 visitors over the four days of the fair, despite the financial meltdown.

http://www.cbc.ca/consumer/story/2008/10/17/millionaire-fair.html
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