Briton pays 60,000 pounds for car parking slot

London, June 24 (IANS) A car parking slot in a seaside town in Britain has been auctioned for a whopping 60,000 pounds.

The 20X12 foot slot was bought by a resident of St Ives, Cornwall.

‘I cannot remember one going for more money. Spaces are always in short supply in St Ives and even going back years, they made a premium price,’ Daily Mail quoted estate agent Jonathan Payne auction as saying.

The car parking slot adjoins the entrance to the council-owned Island car park.

St Ives councillor Colin Nicholls, however, said: ‘I would rather do without a car than pay that kind of money. It is overpriced but that’s how market forces operate.’