What will $1 million buy?
By STAFF Michael Brody, David Kirkpatrick, Michael Rogers, H. John Steinbreder, Daniel P. Wiener

(FORTUNE Magazine) – Not a seat on the New York Stock Exchange. In late April a seat changed hands for $1 million, the highest price ever until the next day, when another seat sold for $1.1 million. It may not mean much to be a millionaire these days, but $1 million still gets: -- Three seats on the American Stock Exchange. -- About 6,200 shares of IBM. -- Only ten shares of F. Hoffmann-La Roche ''B'' stock, perhaps the most expensive publicly traded stock. -- A 1978 ten-seat Learjet with 5,000 hours of flying time already logged. -- A Picasso oil painting from his surrealist period. -- A five-bedroom house with a pool in Palm Beach, Florida, but not on the beach. -- A Northern Dancer yearling. -- A string of 44 Mikimoto black cultured pearls from Japan with a 4.6-carat diamond clasp. -- An eight-store shopping center on 4.2 acres of land in San Jacinto, California. -- Construction and one year's rent of an electric billboard in Manhattan's Times Square. -- A credit line in a Metropolitan Opera program for underwriting a new production. Free along with the credit line: an instant entree to high society.