R1.3m fridge sparks 'bidding war'

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R1.3m fridge sparks 'bidding war'
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An iconic Smeg fridge — brightly hand-painted by Sicilian artists and branded by Dolce & Gabbana — has triggered a bidding war that could see it sell for more than the R1.3m price.

Margaret Hirsch, executive director of the Hirsch’s Homestore Group, with the Smeg FAB28 Frigorifero D'Arte currently selling for R1.3m.An iconic Smeg fridge — brightly hand-painted by Sicilian artists and branded by Dolce & Gabbana — has triggered a bidding war that could see it sell for more than the R1.3m price.

Natasha Pallotta from Smeg South Africa said a second fridge from the iconic range — this one featuring a donkey — was currently being shipped to SA from Italy and would be put on display in Smeg’s Sandton showroom in Johannesburg. With privately owned wealth in Africa reported to be more than $2-trillion , cash-flush individuals are blowing huge sums on upmarket fashion brands, luxury homes, fast cars, yachts, designer watches and flashy holidays at premium hotels and resorts.

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