Actress Sienna Miller has put her London Townhouse up for sale. Priced at £995,000, or approximately $1.6 million, it is beautifully decorated, as I'm sure you can see in the Moroccan detailing.
Unfortunately, the actress is set to lose with this property deal because she is asking less than what she bought it for. Even if she gets her full asking price, she will still lose $325,000 on the deal.
Implications - The recession has hit many consumers hard, and celebrities have not been able to escape from the downturn of the economy. As a result of this, many homes have gone up for sale and companies who are looking to gain consumer attention should reinforce the long-term value with their products so that consumers can feel reassured that their product purchases will offer them longevity.
Celebrity Recession Sales
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Sienna Miller Tries to Sell Mansion Below Purchase Price
- By: Christina ButtyJun 17, 2009 Updated: Jul 6 2011