Calif. Garage Sale Nets $1.5M

One asset that has tanked with the California economy? Arnold Schwarzenegger’s signature. The BBC reports that the governator's signature on cars and motorcycles failed to boost sales prices at the California state auction. California's "garage sale," organized by Schwarzenegger, brought in more than $1.5 million to help reduce the state's $26 billion budget deficit. The sale, attended by hundreds of people in Sacramento, auctioned off 600 formerly state-owned vehicles, 6,000 pieces of office furniture and computers, and everything from police cars to confiscated watches. Some items, such as a leather jacket signed by Schwarzenegger, were auctioned on sites such as eBay and Craigslist. One attendee, looking at a motorcycle with Schwarzenegger’s signature, said, “it’s graffiti.”