English Millionaire Raffling Off His Life
Tired of your life? Why not raffle it off? That's what English banker Andrew Paul is doing. He decided to jettison his millionaire lifestyle after his recent divorce and he's getting creative about it. His Win A New Life website is giving away his home, car and boat in a competition that anyone can enter for £20. Up for grabs are his £1.1m five-bedroom house, a £160,000 Aston Martin DBS and his £200,000 Sealine 35 Sport motor boat. The first prize is either the property or the car plus the speedboat and £85,000 in cash to help with insurance and fees. The first prize winner can also choose opt for £1 million in cash. There are also ten runner up prizes of his and hers sets of Omega Seamaster watches.
Like our Florida couple from yesterday, Paul has a set number of tickets in mind. He's hoping for sales of 200,000 which would work out to £4 million, a pretty tidy haul even after the prizes are doled out. There will be a lower cash prize if fewer than 150,000 tickets are sold.
In order to win you need more than luck, you also need a little skill. Once you pay the fee you need to estimate where a golf ball would end up in a photograph. Winners will be determined based on who ever is closest to the actual placement. The competition is scheduled to end August 19th but could end sooner if the tickets are all sold.
[via Daily Mail]
Reader Comments (Page 1 of 1)
Shelly Sereno Jun 16th 2009 6:35PM
Can’t sell your home? Give it away! More and more homeowners are utilizing new and creative methods of “selling” homes in a recession in an effort to be proactive as the country continues to struggle with the economy. With the problems many are having purchasing homes and getting loans, these creative ways are becoming more popular and are receiving a lot of interest and participation, according to their sponsors/organizers. Although these methods are not new, in the past, the majority are rarely completed successfully due to a variety of reasons. The trend seems to be that raffles and contests are popping up more and more on the internet as a method of selling homes in a tight economy and are now seeing success.
In states where raffles are illegal (unless attached to a charity), others are opting for contests of skill, in particular essay contests although there are also other creative contests ongoing. One such essay contest, on the leading edge of this trend is www.WinHawaiianHome.com and will run until 8/11/09. Although not officially attached to a charity, the sponsor has decided to give back to the community via a $30,000 donation to the local schools, which are suffering budget cuts. Essay 101 is a contest of skill, where anyone (21 years old or older) can write a short essay (101 words or less) and pick from two topics. For a $101 entry fee, entrants get a chance to win a brand new, custom home on the Big Island of Hawaii. The contest is open worldwide, but essays must be submitted in English, and must be original work. 101 finalists will be chosen and then judged by community leaders - teachers. For those shivering in record-breaking cold climate in the winter, it might be interesting to note that the chances of winning this prize are better than any state lottery. I for one entered (not just once either!)
zzzetro.fx Jun 23rd 2009 8:28AM
This is a typical example of how the bankers used to solve their problems.
The banker gets rid of unnecessary property to him, getting him cash and profits (as the same without it?).
One person (the winner of "lottery", if any, will be a) - second-hand property and related issues.
150 000 people in a small amount of deceived depositors. But they themselves to blame - improperly invested capital, is not it?