After considering the deal for over two years, an investment consortium made up of high-end bond juxtaposers decided to purchase Pandora’s Box. Upon taking delivery in October, however, the group realized that someone had already opened it.
Wax/Wane Inc. won’t disclose what it paid, but it is estimated to be over $20 billion (including a mahogany table to put it on).
“Given its age and place in history we considered it a sound investment of our stakeholders’ funds,” says the group’s spokesperson, Macy Wright. “But its value was contingent on it not being open.”
That was never part of the deal, says the previous owner, Cleveland barber Julius Pilliium. “I had it stored securely behind the gas cans in my garage,” he says. “It’s not my fault someone apparently broke in and opened it.” Pillium’s family had owned the box since 1949, when his grandfather bought it from a friend of his named Louie. The chain of ownership over the pervious 2,543 years is not clear
While she understands there’s value in knowing the opening of the box explains many of the things that have been happening in 2020, Wright says her only concern is the investors’ money.
“Now that everything’s been let out,” she says, “we believe the box is worth 50 or 60 dollars at most.”
That, she says, is a significant loss that investors will have a hard time understanding.
