Market Update 27-03

One Red Paperclip |

One Red Paperclip is a website created by Canadian blogger Kyle MacDonald who traded his way from a single red paperclip to a house in a series of trades over the course of a year. MacDonald was inspired by the childhood game ‘Bigger, Better’. His site received a considerable amount of notice for tracking the transactions. “A lot of people have been asking how I’ve stirred up so much publicity around the project, and my simple answer is: ‘I have no idea’ “, he told the BBC. 

MacDonald made his first trade, a red paper clip for a fish-shaped pen, on July 14, 2005. He reached his goal of trading up to a house with the fourteenth transaction, trading a movie role for a house. This is the list of all the transactions MacDonald made: 

  1. On July 14, 2005, he went to Vancouver and traded the paperclip for a fish-shaped pen.
  2. He then traded the pen the same day for a hand-sculpted doorknob from Seattle Washington.
  3. On July 25, 2005, he traveled to Amherst, Massachusetts, with a friend to trade the doorknob for a Coleman camp stove (with fuel). 
  4. On September 24, 2005, he went to California, and traded the camp stove for a Honda generator.
  5. On November 16, 2005, he traveled to Maspeth, Queens and traded the generator for an “instant party”: an empty keg, an IOU for filling the key with beer of the bearer’s choice and a neon Budweiser sign. This was his second attempt to make the trade; his first resulted in the generator being temporarily confiscated by the New York City Fire department. 
  6. On December 8, 2005, he traded the “instant party” to Quebec comedian and radio personality Michael Barrette for a Ski-Doo snowmobile. 
  7. Within a week of that, he traded the snowmobile for a two-person trip to Yahk, British Columbia, scheduled for February 2006. 
  8. On or about January 7, 2006, he traded the second spot on the Yahk trip for a box truck. 
  9. On or about Feburary 22, 2006, he traded the box truck for a recording contract with Metalworks in Mississauga, Ontario. 
  10. On or about April 11, 2006, he traded the contract to Jody Gnant for a year’s rent in Phoenix, Arizona. 
  11. On or about April 26, 2006, he traded the year’s rent in Phoenix for one afternoon with Alice Cooper. 
  12. On or about, May 26, he traded the afternoon with Cooper for a KISS motorized snow globe.
  13. On or about June 2, 2006, he traded the snow globe to Corbin Bernsen for a role in the film Donna on Demand. 
  14. On or about July 5, 2006, he traded the movie role for a story farmhouse in Kipling, Saskatchewan. 

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