5 Wallet-Denting Pursuits Of The Rich And Famous

Keep this equation in mind – the more money you have, the more you can afford to pamper yourself. The rich and famous certainly can indulge with elite and classy hobbies and let’s get acquainted with 5 of them.

Car Collectingcarcollection
Avid car collectors easily spend millions indulging in this hobby. Just to give you a hint – the 1937 57S Buggati is a must-have for most collectors and that will set you back some $4.4 million, and as a car collector, you will never settle for just five cars in the garage.  You may want to consider the barn-find Ferrari that sold for $2.8 million in 1988 or the kind put up at the week-long Scottsdale Barret-Jackson extravaganza car collector auctions which raked in $79 million for just four of them.

Art Collecting
The most expensive artwork ever to be sold is the ‘Three Studies of Lucian Freud’ (a triptych) by Francis Bacon which carried a price tag of some $142 million! A year earlier in 2012, $120 million was paid for Edvard Munch’s The Scream at a sale.  Very recently, Sotheby’s raked in more tha$300 million during its evening contemporary sale and Christie’s set a new record for the highest ever auction, taking some $850 million for 80 works put up for sale.

Yacht Sailing and Racing
Yacht sailing is extremely costly thanks to the hefty price you need to pay just to rent one for a day. Per day’s rental can mark up to $500,000, and the cheapest you can get will be within $5,000-$10,000 for a day, and those do not make the cut for a race. Purchasing one would definitely cost you millions, and you would probably fork out a lot more for its maintenance and upgrades. It is safe to say that sailing and racing with yachts is something the rich will have fun doing, while the others watch in awe.

Wine Collecting

There are two kinds of wine lovers – there are the drinkers and there are the keepers. Fine wines have a rich history to its origins, hence they carry strong historical and cultural values in each bottle. Well, while you can definitely start small, there are those who can afford it and wouldn’t mind spending thousands and even up to millions of dollars as wine collectors. The most expensive bottle of champagne is called Goût de Diamants and it would cost you $1.8 million.

There is a very solid reason as to why they call this “Sport of Royals” – you will be spending just like what the royalty would to be in this game. Annually, a player would need to pay at least $8,000 for membership and his own polo club. Not to mention, he will also need to get a good horse, which would cost him around $20,000 and $1,500 for vet care. Never mind the equipment you need that would hit close to $30,000. So, fancy feeling rich and affluent? Go polo!

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