Amey Stone
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Amey Stone
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Ever wish you could buy a home in a place like Nantucket, Mass. or Palm Beach, Fla., but found it out of your range? Such posh locales come at premium prices. Many people decide to settle for less just to have a stakehold in a top address.
One of the unfair truths about the real estate market is that the most expensive neighborhoods are the ones that tend to rise the fastest when times are good -- and are also the ones that hold onto their value the best when times are bad. 
Want to know what the most expensive item in the world is by weight and volume? It's not a diamond or other rare gem. It's actually a piece of paper.
Wikipedia pegs it as the so-called Treskilling Yellow stamp from Sweden -- probably the only one of its kind. It has a current value of more than $2 million (or $87 billion per kilogram, according to the site).
Here's what makes it so valuable: Back in Sweden in 1855, when the currency was known as the skilling, the 3 skilling stamp ('treskilling') was printed in green. An 8 skilling stamp was printed in yellow. But due to a printing error, a few 3 skilling stamps were printed in yellow. No one knows how many.
Three years later, Sweden changed its currency and it wasn't until 1886 that a 14-year-old school boy discovered the stamp among his grandmother's possessions and sold it to a dealer for the then-lofty price of 7 kronor. The stamp traded hands several times over the next decade, fetching ever higher prices and inspiring collectors to search for more Treskilling Yellows. But no other was ever found.
By the 1990s the stamp price crossed $1 million for the first time and was setting records every time it changed hands. The last sale was in 1996 when it sold for 2,875,000 Swiss Francs ($2.6 million US) to collectors who remain anonymous. According to the book, The Treskilling Yellow, the stamp is insured for $15 million.
Wikipedia still reports it as one of the seminal moments in the trading card collecting field: In February, 2007, a 'near mint-mint' Honus Wagner sold for $2.3 million. At that point it was probably the highest sale a baseball card in history.
Our readers are the most astute people out there. Apparently, my previous article was slightly inaccurate. Vladi Private islands is not an authorized agent selling my little paradise in the Virgin Islands. The island is still for sale, but at a small price increase and from only 3 official agents.. There is even a fantastic website promoting the island from one of the principals. Check it out and you should be totally convinced that you need this island.
While recently in the Virgin Islands, I came across a delightful piece of real estate just north of the island of St. Thomas. Thatch Cay is a 230 acre island between St. Thomas and St. John that is completely undeveloped and waiting for the right buyer to come and snatch her up. With 5 miles of shoreline and elevations up to 500ft, the island would make a lovely vacation getaway. Right now, there are no docks or landing areas on the island so, development would be entirely at your discretion. Personally, I envision a James Bond villain-type compound complete with shark tank and inept henchman. 

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