Join

Enter Details

Comment on stories, receive email newsletters & alerts.

@
This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters

Subscribe

Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details


Back to log in

7,500 people just banded together to buy a castle in France -- and it's not too late to join them

Mothe-Chandeniers/Facebook

If you’ve ever dreamed of owning a French chateau, you’re not alone. On Friday, 7,500 internet users banded together to buy a crumbling castle in the South of France through crowdfunding.

Sadly for them, that doesn’t mean they all get a room to crash in. Instead, for a minimum of 60 euros, each participant gets a share of the castle, a membership card, and a say in what happens to its future.

The organisers of the project are part of a French group called “The Friends of the Castle of la Mothe-Chandeniers” that’s dedicated to the preservation of the castle. The money was raised on Dartagnans, a French platform that crowdfunds French heritage preservation projects.

“It’s done, it’s historic! The Château de la Mothe-Chandeniers now belongs to thousands of Internet users,” wrote the group on the fundraising page.

The castle looks straight out of a fairytale, and it’s not hard to see why the new owners decided to invest – here’s what it’s like.


The castle is in a tiny town in Western France called Les Trois-Moutiers.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

The construction timeline of the castle is unknown, but the organisers think it dates back to the thirteenth century.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

According to the campaign organisers, it was looted and abandoned during the French Revolution before being bought and restored by a wealthy Parisian businessman in 1809. Later, a squire of Napoleon bought it and undertook a massive restoration.


But disaster struck in 1932 when a fire broke out and destroyed the castle.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

It was eventually abandoned and left to nature. Today, it is a crumbling monument to its former glory.

Mothe-Chandeniers/Facebook

Some of the detailing of the original interior remains.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

The group launched the project in November, and was able to gather the 500,000 euros needed to buy the castle in only two short months.

Sauvons le château de la Mothe-Chandeniers/Facebook

The end goal is to raise a million euros so that a compete restoration and architectural study can be done.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

Eventually, the group wants to open the castle for the public and host events and reenactments.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

It’s not too late to get in on the fun. New contributors have until December 25 to donate to the project and become co-owners.

Sauvons le chateau de la Mothe-Chandeniers/Facebook

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.