|Richard Rowe, CEO of GoldenPalace.com has purchased the White House deed from an auction on ebid.tv.
GoldenPalace is the online casino famous for buying the items like the Popemobile and a grilled cheese sandwich with an image of the Virgin Mary on it.
GoldenPalace paid approximately US $47 for the deed. Proceeds from the auction will go to New Orleans Flood Victims.
Rowe's first move will be to turn the Oval Office into a high stakes Poker Room.
The story began two weeks ago when Canadian author David Jenneson posted the White House Deed for sale on eBay. While doing research for his novel, Night of the Realtors, (about a Canadian realtor who sells the White House), Jenneson discovered the U.S. Government does not hold the deed for the White House.
He acquired a Quit Claim deed for 1600 Pennsylvania Avenue and placed it up for auction on eBay.com, with a starting value of $10.00. The international media picked up the story. In less than 24 hours the bidding had gone up past $15,000.00 with a $20,000.00 reserve.
Jenneson contacted the White House for comment. A White House Official promised a response by the end of the day, but within hours the deed was removed from eBay without explanation.
Jenneson then contacted eBid.tv, an international auction site that was happy to host the auction. However, due to Hurricane Katrina there was little room for media coverage so potential bidders were unaware of the new auction. Moments before the auction was to close GoldenPalace swooped in and scored the bargain of the century.
This eUpdate posting by: Steve Joyce, Editor