Bank of America Bonuses -- How to Spend 'Em

BOSTON (TheStreet) -- Bank of America(BOA) bonuses -- and those paid by JPMorgan(JPM), Goldman Sachs(GS) and other U.S. banks and brokerage firms -- will top $100 billion when they hit bank accounts this month. Now there's an online marketplace where bankers can spend inconspicuously.

Bank of America said this week it plans to spend $4 billion on its investment bankers, JPMorgan will hand out bonuses valued at $9.3 billion and Goldman set aside $16.2 billion for salaries, bonuses, benefits and other compensation costs, up 48% from 2008.

Intended for an audience that covets Michelin Guide stars more than those attached to eBay's(EBAY) Power Sellers, BillionaireXchange.com is offering a $25,000 bottle of Remy Martin cognac, a 313-room resort in Puerto Vallarta, Mexico, valued at $74 million and the New York Yankees' Alex Rodriguez's $10 million Miami mansion. But with bonuses under siege from the government and envious (and angry) Americans, wealthy hedge-fund managers can buy on the sly.

BillionaireXchange.com peddles as many yachts as some auction sites sell luxury cars.

If the rich want to buy it, the site aims to sell it. Jewelry, cars, aircraft and boats are ubiquitous. Over time, the service, which was started in November, hopes to attract such high-end deals as private islands, mines and casinos.

Yachts may prove to be a worthy indicator of whether the wealthy are in the mood for spending. The site has 95 vessels listed, ranging in price from $100,000 to $49 million. At the high end is a 143-foot Leight Star luxury yacht that has sleeping accommodations for 10 guests and sports heated marble floors, flat-screen TVs and other high-tech features.

"It's the one-off things we get that are the exciting and intriguing," co-founder Quintin Thompson says. "There are things that make you ask, 'Wow, somebody actually made this and somebody is actually going to buy this?' "

Falling into that category is a diamond-studded golf ball that sold for $250,000. The buyer said he intended to use it as a paperweight. There was also a diamond- and ruby-encrusted fountain pen sold by an Italian designer for $500,000. The purchase ended up being a bargain it had an appraised value of $1.1 million.