Most Expensive MISTAKES Ever Made!

From crashing the Mars Orbiter to losing thousands
of Bitcoin, here are 13 of the most expensive mistakes in history!!! 13. Star Wars Merchandising When George Lucas persuaded Fox to release
his film Star Wars: A New Hope, the company was not entirely on board. In fact, they were convinced that the film
would flop. It’s a miracle the movie was made in the
first place! In order to save a little money, the studio
came up with what they thought was a clever solution. They persuaded Lucas to pass on an additional
$500,000 in directing fees. In exchange, Lucas kept all of the licensing
and merchandising rights for himself. The movie, however, turned out to be a major,
culture-shifting hit. In 1978, more than 40 million “Star Wars”
figures flew off the shelves, reaching a gross sale of more than $100 million. The notoriety and love for the movie only
grew with time. It didn’t even matter if a new movie was
coming out, the toys continued to sell. For example, in 2011, a year where there was
no new “Star Wars” movie, “Star Wars” toys brought in more than $3 billion. No so good for Fox, but George Lucas became
a billionaire! 12. Mars Climate Orbiter In the late 1990s, NASA developed the Mars
Climate Orbiter to study the climate on Mars (like its name suggests). The purpose of the orbiter was simple and
no one really expected anything to go wrong. It’s also the general assumption that NASA
checks and double-checks everything. Well, with the orbiter, something small but
critical slipped through the cracks. On Sept. 23, 1999, the Mars Climate Orbiter
crashed into the red planet. Why? Because of math. Specifically, because of a conversion error
in the math. One engineering team in charge of the orbiter
used metric units. Since most of planet Earth uses metric, that
probably didn’t appear to be a problem, except that the United States is one of a
handful of countries still on the Imperial System. A second team of engineers used feet and inches
and the math was not properly converted. This caused the navigation in the orbiter
to go a little awry. After nearly 10 months in space, the Mars
Climate Orbiter came too close to the planet’s surface on the day it was supposed to enter
Mars’ orbit. In a written statement, NASA said, “People
sometimes make errors.” This error cost $125 million and countless
hours of work. 11. The Millennium Bridge The Millenium Bridge in London opened in June,
2000. The designers called it a “pure expression
of engineering structure” and were extremely proud of their cool, sleek bridge that cost
18.2 million pounds. It was the first bridge to be built over the
Thames in more than 100 years and around 80,000 people crossed it on its opening day. Unfortunately, it had to be closed right away. Why? Because it wobbled. As more and more people started walking on
the bridge, it started to sway. To keep their balance, people started planting
their feet wide and walking in near perfect unison. Engineers used “lateral suspension” in
building the bridge. This innovation allows bridges to be built
without tall supporting columns. When a large number of people walked on the
bridge, it caused a phenomenon known as “Synchronous Lateral Excitation”. Essentially, it swayed and twisted in regular
intervals. As people started to walk in unison to adapt
to the movement of the bridge, it just made it worse! The engineers blamed the “synchronized footfall”
for the failure of the bridge. It was closed and engineers installed dampers
and springs to absorb the shock of all the pedestrian feet. The repair cost another five million pounds. Today, the Millennium Bridge still carries
the nickname of the Wobbly Bridge, even though it doesn’t wobble any more. 10. Destruction of 150-year-old guitar Quentin Tarantino’s Western The Hateful
Eight is famous for several reasons but I think one of the most important scenes is
when Kurt Russell’s character breaks a guitar. There was nothing particularly special about
the acting of that moment, it was all about the musical instrument. In the movie, Jennifer Leigh’s character
strums a guitar and everyone told her to be super careful with it. It turns out the guitar used in that shot
was a 150-year-old rare guitar rented from the Martin Guitar Museum in Pennsylvania. Russell’s character is like, give me that
guitar! And he snatches it from her hands and smashes
it on a post. Apparently Tarantino never yelled cut and
Russell was never told that it was the real thing. The scene was supposed to have been shot in
two parts. First, Russel was supposed to snatch the guitar
away. Then, the real guitar from the 1870’s was
supposed to be swapped out for a cheaper copy before the scene continued. Leigh’s reaction on camera was completely
authentic and it was the one used in the film. Kurt Russell felt horrible. Some suspect Tarantino did it on purpose to
get a real reaction out of Leigh. Whatever the reason, it was $40,000 mistake. The guitar was only insured for its purchase
price which did not reflect its value as an irreplaceable museum artifact. This led to the Martin Guitar Museum’s decision
to never rent out its pieces for movies under any circumstances. 9. Misplaced Comma Punctuation matters, friends. In this case, a comma cost 1 million dollars! (Canadian)
Rogers Communications, a Canadian cable company, and Bell Aliant, a Canadian telephone company,
signed a fourteen-page contract which regulated Roger’s use of telephone poles. Bell Aliant, citing the rules of punctuation,
argued they could cancel the contract with Rogers at any time without notice, and decided
to cancel after 1 year. Rogers argued they could use the poles for
at least 5 years. Quite naturally, Rogers took Bell Aliant to
court. There were actually two versions of the contract:
one in English and one in French. The misplaced comma in the English version
is the one that caused the fiasco. At first, courts ruled in favor of Bell Aliant. However, Rogers Communications appealed the
decision using the French contract and won. But it still cost them a lot of money. 8. Trashed Lottery Ticket In 2010, over 1,000 people claimed they won
£113m in the EuroMillions jackpot. BUT, they had lost the ticket. A retired woman from England said she had
purchased a ticket and wrote down the numbers in a notebook. She gave the ticket to her husband for safe
keeping…but…yeah, you probably already know what happened. When she saw the winning numbers written in
her notepad, she couldn’t believe it! She asked her husband for the ticket to confirm
and he confessed that he had actually thrown it away. She buys the lottery ticket every week and
unless they can prove they are the rightful winners, the couple has missed out on the
biggest jackpot in the history of the Europe-wide lottery. Just FYI, if you happen to find a winning
ticket, you are supposed to write to the lottery company describing the circumstances in which
you found it. 7. Prestige Oil Spill In 2002, a storm damaged one of the fuel tanks
of an oil tanker named the Prestige and it sank off the coast of Spain. About 63,000 tons of oil leaked into the water
poisoning countless sea creatures and leading to carcinogenic effects in fish and other
larger animals. The ship drifted for days at sea because it
was refused docking permissions by Spain, Portugal, and France. Why the ship was refused docking permissions
is unclear but it eventually the tanker split in half and sank, spilling the oil into the
ocean. The total financial cost of the spillage was
about 4 billion euros. Over 1000 beaches in Spain and France were
polluted and the local fishing industry in Galicia was destroyed. At first the entire crew was acquitted. Eventually, the Greek captain of the tanker
was convicted by Spanish courts of recklessness resulting in catastrophic environmental damage. He was sentenced to 9 months in prison which
he did not have to serve because of his advanced age, so in the end no one at all was held
responsible. 6. Lost Bitcoin Fortune Everyone who mined Bitcoin when the cryptocurrency
first debuted have made millions! Well, everyone except for a British IT worker
named James Howells. The laptop he had been using to mine bitcoin
crashed and so he sold the computer parts on ebay but kept the hard drive in a drawer. He had about 7,500 bitcoins, worth about $4
million at the time. However, in 2013, while he was moving and
distracted by family life, Howells accidentally threw out the hard drive. Now the hard drive is worth about $108 million
and lies under 4 years of trash in a landfill in Wales. It is estimated that around 2.78 million bitcoins
have been lost since 2009. According to an article in December 2017,
Howells wanted to dig up the landfill to try to find the drive. However, digging up a landfill, which is full
of dangerous gases, is an environmental disaster waiting to happen. So, it’s very unlikely. In any case, he said he wasn’t going to
cry about it. 5. AOL and Time Warner Called one of the most disastrous business
combinations in history, AOL and Time Warner merged into a single company in 2001. AOL purchased Time Warner for $182 billion. It seemed like an excellent idea at the time. AOL was a booming business with inflated stock. Experts claimed that Time Warner’s TV and
magazine content would only complement AOL’s Internet business. This merger occurred at the tail-end of the
dial-up era. Soon after, broadband became the new thing. This faster alternative to Internet access
effectively killed AOL’s company. In 2008, like a passenger bailing from a sinking
ship, Time Warner spun off of AOL. When it did, it had a market cap of $36 billion,
a $178 billion dollar loss! The newly-separated AOL was only valued at
$2.5 billion. 4. Russia Sells Alaska Perhaps one of the biggest mistakes in history,
in 1867, Russian emperor Tsar Alexander II sold Alaska to the United States for just
$7.2 million. At the time, Alaska was a trading hub for
fur, Chinese fabrics, and other luxurious items. Gold was also discovered but the royal family
was unable to maintain the colony. It was far from self-sufficient and it was
being overrun by US settlers. Instead of letting the Americans steal it,
Alexander II, decided to sell it instead. While that was happening, the public in both
countries opposed the deal. Russian newspapers demanded to know how the
Tsar could sell land Russians spent a lot of time and effort developing. Alaska, after all, did have factories and
gold mines. Americans, on the other hand, saw Alaska as
nothing more than an “icebox” where “wild Eskimos” drank fish oil for breakfast. Congress wasn’t a fan of the idea, either. In the end, a deal was signed where the United
States would purchase the land but the amount paid was just symbolic as it added up to 2
cents per acre. In addition, $165,000 was spent in bribing
U.S. senators and newspapers to change their minds about the deal. 3. Xerox and Apple In late 1979, Steve Jobs went to visit Xerox
PARC, the innovating branch of Xerox Corporation. Apple was already a hot tech firm so he offered
Xerox the chance to buy 100,000 shared of his company for 1 million dollars. In exchange, he could see what new innovations
were being developed at Xerox PARC. This was probably a mistake on Xerox’s part. Apple likes to take the credit for inventing
the computer mouse but the mouse was actually conceived by Douglas Engelbart. In the 1970s, technology firm Xerox already
had a personal computer controlled by a mouse. For some reason, though, they never sold the
idea or tried to market it. Another mistake! During the visit, legend goes that Steve Jobs
realized the revolutionary concept of the computer mouse. While Xerox eventually gave up on developing
personal computers, Jobs was on it and used his inspiration from his visit to the PARC
to create windows, menus, and simplify the computer mouse so it would have just 1 button. Xerox’s version cost $300 and would break
within 2 weeks. So Steve Jobs did not steal the mouse because
Xerox did not own it and also he made many modifications to it to improve on the idea. Xerox missed out on the consumer industry
completely but Jobs made those ideas available to everyone. 2. Lost Education Grant The state of New Jersey made a very high profile
bid for hundreds of millions of dollars that would go toward education reform. A question worth 5 points on the application
asked for a budget confirmation and the state submitted the wrong year. Governor Chris Christie signed off on the
application and no one confessed who was actually responsible. Whoever it was did not read the questions
carefully and so the state missed out on $400 million. Hopefully, they learned their lesson! Read the questions very carefully when you
are filling out a form!! 1. Building Collapse A newly constructed apartment tower that was
almost finished just collapsed one day in Shanghai, China. The development has 629 units and most of
them were already sold. Investors and new buyers were clamoring to
get their money back and the assets of the builder were frozen. Construction practices in China are already
being questioned since many buildings are just put up in a hurry by inexperienced workers. If the tower had fallen the other way, it
could have caused a domino effect, causing all the other buildings to fall over! The concrete piles weren’t strong enough
to support the 13-story building and large quantities of earth were removed underneath
to build the garage. The earth was dumped by a creek and the river
bank collapsed and the foundation got muddy and it just toppled over. This disaster was investigated and no collapses
similar to the Lotus Riverside block tower has happened since. That we know of. Thanks for watching! There are many many other expensive mistakes
but I couldn’t fit them all in this video! Be sure to subscribe and see you soon!

100 thoughts on “Most Expensive MISTAKES Ever Made!”

  1. 1:54 Celsius is not a logical temperature scale as 0 degrees is not a true 0, Celsius is as logical as Fahrenheit. the scale that makes sense it Kelvin as it is a ratio scale.

  2. How can you claim this to be a top 10 list? How about including Deepwater Horizon, Exxon Valdez, Voting Trump into office and the CIA training and supporting Usama bin Ladin in the 1st Afghanistan war between Russia and the USA? Jesus…a 40k$ guitar is in this list? Many people will make a mistake in their life that costs about that amount…

  3. as an engineer I can only say that if u are doing some project and u dont put what units u are using (e.g. 1 m for 1 meter) no one will look at what u did….so the mars thing, just someone covering up a bigger mistake…

  4. The buildings did fall in the direction of the other buildings, had it fallen the other way it would have fallen in the water… there was no domino effect possible

  5. Xanadu in northeast NJ!? …an epic 10 year built mall fail never opening with an indoor snowboarding/sking structure never even used for its many years standing.
    Construction has begun again and it is expected to actually…finally…be opening in 2019-2020 with an indoor water park too.

  6. Islam & marrying your cousins…..
    anyone ? I believe NOT dropping nukes on 9-12-2001 @ Mecca & most of the middle east is still costing ALL OF US ….

  7. This is why we need to quickly phase out the use of oil and all it's bi products. We now have the technology to use other sources and we continue to pollute our earth, I mean destroy our earth for the extreme wealth of a few. So sad………

  8. Apple fangirl, Steve God didn't steal it because it cost a lot an broke and made a few (one) change? So why does apple sue other companies that come up with better technology and actually innovate and claim they stole from them???

  9. Who certifiers all these products. ISO. And what about defense products who has ISO in the world. And which country certifies. And that to nuclear dumping products. Insane humanity.

  10. #11 That why, to this day, when soldiers march across any bridge they are ordered to march out of step. A similar thing happened in America a few years before this. The sound of the wind blowing through the bridge supports caused a resonance that caused the bridge to sway and eventually fall down.

  11. When I was like 17 I visited a old local toy store that was always empty and was on the brink of closing. In the back was a shelf choke full of original 70s Star War toys of all kinds and the prices were at clearance level. Not know how valuable those toys were, I just walked by looking for god knows what. I should've bought the whole fucking shelf.

  12. Ohhhh, come on…
    Look at our airport in Berlin, the BER… We are building it now for more than 13 years, MAYBE finished in 2021, Costs about €uro… And at the end not really profitable at all…^^

  13. My most expensive mistake was when i did not listen to my dad,i have no dinner that night when i got home,no wi-fi,a whip of guava branch on my butt plus im grounded and i cannot go out w/ my frnds for almost 3 week, what a privilege being wasted?so expensive. Lol…i deseved it,coz im hard headed

  14. how could they not think a Star Wars movie after all that time would bring in an asston of money, it's so iconic that even if reviews are bad nearly everyone would go to see it at least once…

  15. 3:10 — phenomenon is called "synchronous" and narrator says "synchronius" … uh… yeah.

    Tacoma Narrows aka "Galloping Girdie", the bridge at Broughton, near Manchester, England, in 1831 — these are other examples of this, and are probably more aptly called "harmonic resonance." I've never heard anyone say "synchronous lateral excitation" to describe anything… (not to say that because I haven't heard it it must not be true…)

    MythBusters did a special on this, in which they used robot feet to determine if it was plausible. It was cut from final broadcast, but left in the "outtakes."

    (People randomly experimenting with the harmonic motion of a short bridge: )

    And the MythBusters's bridge episode:

  16. Ironically the new Star Wars movies have pretty much killed off the Star Wars toy market and shutdown Toys R Us.

  17. When I was a small child (Reagan era) my school was teaching us metric. The US was supposedly going to convert. What ever happened to to that?

  18. No the biggest expensive mistake was my parents giving birth to me. Im already 30 and i must of consumed millions in food and resources and im totally and utterly useless.

  19. I quit at the Mars Climate Orbiter, because the uploader, in chiding others' mistakes, twice features the space shuttle, implying that was the launch vehicle. No, it wasn't, the Delta II was used. This kind of very lazy lack of research means that no trust should be granted this channel as regards reporting accuracy. It goes on my blocked list.

  20. What about NASA trying to land the shuttle after a bunch of thermal tiles fell off? That pretty much ended the entire shuttle program. The Chernobyl nuclear disaster was actually a test of the reactors safety system, which failed. Finally, the BP oil rig disaster used the incorrect mix for concrete resulting in a leak and explosion and clean up costs somewhere near 67 billion.

  21. How come than the collapse of a building in China becomes the, quote, most expensive mistakes ever? Even more expensive than Apple or selling Alaska?

  22. 8:01 Harddrives can not end up in a waste dump. It is metal, so now it is something else. Recycling! Are you still living in the Middle Ages?!

  23. Russia was afraid it would lose Alaska if it went to war with Great Britain. Origin Explained. You're welcome.

  24. 2011 while there were no new star wars movies toys kept selling?? Are you people stupid? There are star wars animated series and books… thats why they sell.

  25. Every September, U.S. military and other government agencies go on wild spending sprees, as they must "use it or lose it" when it comes to their unspent available funds before the new fiscal year, which begins 1 October. This extremely wasteful practice costs U.S. taxpayers untold $Billions every singe year! And no one in Washington D.C. seems to want to stop it.

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