The online auction giant is doing a roaring trade this morning as everything from Merrill-emblazoned golf balls to Lehman-branded pins and shirts are being snapped up -- as if there was no credit crunch or softening consumer market after all.
As the financial sector wakes up to smell the coffee, Lehman mugs were fetching as much as US$48 a piece, whilst a black baseball cap bearing the bankrupt logo had already received bids up to US$56.
Forward thinking Lehman/Merrill employees were probably the ones snapping up the logo-adorned duffel bags at US$150 a pop; much-needed accessories for packing up Merrill-inscribed golf clubs when they clear their desks throughout this week.
Cashing in on Merrill Lynch’s humiliating US$50 billion takeover by Bank of America, cyber opportunists were selling merger web domains for thousands of dollars, proving that the banks could make some money after all.
T-shirts, blazers, key rings, all going for top dollar. But one particular item really said it all; a slice of toast with the letters LB burned into it. Crunch, crunch.
Bankrupt banks' memorabilia does roaring trade on Ebay
Lehman Brothers and Merril Lynch aren’t the only ones frantically liquidating assets this week. Ex-employees are flogging their bank memorabilia on Ebay faster than you can say 'Chapter 11'.
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