The Latvian privatization agency arguably took things to a whole new level in February, though, when it put a ghost town under the hammer – and apparently sold it for 10 times the initial Lats150,000 ($285,000) asking price.
Winning bidder Aleksejevskoje-Serviss from Russia offered Lats1.5 million to take over a settlement known as Skrunda-1, a garrison town built in the 1960s around a once top-secret military base that was not on maps but at the height of the Cold War housed as many as 5,000 Russian service personnel and their families.
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