Down on his luck and with debts piling up, a tattoo artist from the German town of Coesfeld, racked his brain for a creative money-making scheme. Unfortunately, Thomas Tanriverdi’s plan to sell ad space on his bald scalp went to his head.

Tanriverdi was hoping to rake in a whopping 50,000 euros ($65,700) from a bidder wanting to tattoo an ad on his pate — that would have been enough money to pay off all his debts in one fell swoop.

Imagine his disappointment then, when after the first few days of bidding on a large online auction Web site, the highest offer was a sobering 355 euros. But rather than give up on his hare-brained scheme, Tanriverdi decided to downsize and aim for the considerably more modest sum of 500 euros for anyone willing to advertise on his head for a year. After all, he reasoned, it’s not a totally untested market.

“Others have, with bravura, auctioned their skin for advertising purposes,” the 30-year-old said.

In order to boost interest in his “product,” Tanriverdi has now embellished his auction offer with a photo. The words “Your ad here” adorn an image of his shiny bald head.

It’s pretty much the only space he had to offer. The rest of Tanriverdi’s body is already decorated with over 30 tattoos, including a massive spider’s web spreading over his neck.

But what kind of client is he hoping to attract?

“I don’t mind what they want to put on there, as long as it’s in earnest,” he said. Up to now, the most interest has come from Internet shops and — not surprisingly — tattoo companies.

Customers looking for a bargain may want to take advantage of the price scale Tanriverdi has cleverly worked out. For 500 euros, he’ll wear a tattoo on his head for a year. Starting from 4,000 euros, his scalp can be yours for three years. And anyone willing to spring for 18,000 euros or more can own the space until the end of Tanriverdi’s life.

But a dermatologist at the University Hospital in Muenster has thrown a wrench in the works, warning that tattooing one’s head with the intention of removing the artwork by laser and tattooing anew is not only painful, it’s stupid.

What do you think? In this day and age where money is tight, it’s not actually the worst idea. But then again, said dermatologist DOES have a point when it comes to the whole removal issue.