An entrepreneur has paid £50,000 for a photo of a derelict beach hut in Thorpe Bay, Essex and residents say the hut itself could have been bought, at the time the shot was taken, for just £12,000.
According to the Daily Mail
, Simon Lance Burgess paid the huge price for the shot, taken by professional photographer Andrew Areoff, to give him exclusive rights to the photograph. The Daily Mail say Simon said the photo would be used in an advertising campaign for his mortgage protection company.
The photographer, Andrew Areoff, took the photo of the beach hut, which has now been renovated, in 2006 for a project all about capturing the Essex coastline. (Via Mail Online