Ah, finally, a real valuation on a Second Life business. Amsterdam, one of the most popular sites in Linden Lab's virtual world, — an online game without any action — has been auctioned off on eBay. You'd expect the virtual city to command a rich price: it hosts sex shops and virtual streetwalkers, who engage in dirty chat, and show clunky 3D animations of themselves in sexual positions. And at least one self-promoting Second Life "mogul" has claimed assets of $1m. So the value of Amsterdam? Brace yourselves: a massive $50,000.

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