East German village sells for 140,000 euros
Alwine, with a population of 20, sold to anonymous buyer who bid by phone
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Berlin
THE only bidder at an unusual auction on Saturday put down 140,000 euros (about S$222,750) and walked away the new owner of a small slice of German history: the village of Alwine, population 20.
Its empty homes and ageing residents mirror the wider fate of the ex-communist east German hinterlands since the country's reunification 27 years ago. The anonymous buyer, who bid by telephone, scooped up the community that real estate auctioneers Karhausen had given a starting price of 125,000 euros. In 2000, the hamlet was sold to private investors for one "symbolic Deutschmark", the pre-euro German currency.
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