McClendon did, however, find a willing buyer for some of the
The Times Online reports that McClendon was lucky enough to find a buyer who would pay him $12 million for an assortment of maps, paintings, etc., which turns out to be $8 million more than he paid for them.
The buyer, you ask? Chesapeake Energy. Why a natural gas company that lost $800 million needed to spend $12 million on a bunch of paintings is beyond my grasp, but I'm sure they can come up with a good explanation. (Naturally, CHK would not comment to the Times on the story).
Anyhow, I'm guessing the negotiations between Aubrey and Chesapeake went something like this:
AM: Self, how much will you pay me for these maps and paintings of Native Americans?
AM: I will pay you $5 million.
AM: No, that won't work. Try again.
AM: Okay, self, how about $10 million.
AM: That's not bad, but I can't part with them for that price. Look at the fine texture, the beautiful expression ... no, $10 million is an insult to me.
AM: Fine, $12 million, but that's my final offer to me.
AM: Done. Nice doing business with me.
Tune in tomorrow when Aubrey tries to sell his $20 million estate in Bermuda to Chesapeake as a "Research and Development Facility."