World’s most expensive magazine auctioned off in Prague

Auctioneers in Prague on Friday sold what appears to be the world’s most expensive magazine. The special edition of “Royal Report”, decorated with diamonds and pearls, was sold for four million crowns. Its new owner will also receive a year of “gold” editions, use of a private jet, and four paid vacations anywhere in the world. The magazine’s founder has said that the proceeds from the sale of the magazine would go to charity. The monthly lifestyle magazine has been on the Czech market for the last two years and it’s regular edition boasts some 14,000 subscribers.