Iceland for sale - collect in person

Reuters

ICELAND FOR SALE: An eBay auction for the beleaguered country Iceland has reached at least 10 million pounds.

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Iceland, which is going cap in hand to Russia for a 4 billion euro loan to bail out its failed banks, has been offered for sale as a wholesale lot on eBay.

Bidding started at 99 pence but reached 10 million pounds by mid-morning.

Globally renowned singer Bjork was "not included" in the sale, according to the notice, but there were nonetheless 26 anonymous bidders and 84 bids.

"Located in the mid-Atlantic ridge in the North Atlantic Ocean, Iceland will provide the winning bidder with -- a habitable environment, Icelandic Horses and admittedly a somewhat sketchy financial situation," the notice read.

Bidders' questions included: "Do you offer volcano/earthquake insurance?," "Is it possible that my payment will be frozen?," and "Will you accept C.O.D. as a form of payment?"