Can $1 million buy a Sarah Palin-autographed Xbox? You betcha

Just in time to kick off your holiday shopping comes the ultimate gift for the teenage Republican on your list: an Xbox 360 video game console signed by former U.S. vice presidential candidate Sarah Palin. And the cost? Oh, just a paltry $1 million and change.

Seller David Morrill has listed the item on online auction site eBay, hoping to get interested buyers to pony up at least $1.1 million for the item. According to the description on the site, the video game console was signed by Palin on July 24 in Wasilla, Alaska, two days before she resigned as the state's governor.

So what makes this Xbox 360 worth so much more than the average retail price of $399? "You can own this 60GB, perfect-condition, one-of-a-kind item before her expected run for president of the United States of America in 2012," Morrill wrote on the item listing. Morrill didn't immediately respond to an e-mail request for comment from WalletPop.