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Near this price

You can buy one of the following:

House
Average (mean) cost of a House in the United Kindgom, 2010 for £251,600 (Íkr47,260 thousand) from source

Thousands of

You can buy one of the following:

Oxford English Dictionaries
20 volume dictionary for £750 (Íkr140,800) from source
Hours of magistates court
Running costs. Image: Jonathunder. for £400 (Íkr75,120) from source

Shopping list

You can buy all of the following:

1 Year of Wikipedia
Yearly expenditure of Wikimedia Foundation, 2007/8 for US$3,541 thousand (Íkr433,500 thousand) from wikipedia
×9k

9 thousand Years membership to the Free Software Foundation
Yearly Associate Membership to the Free Software Foundation for US$120 (Íkr14,690) from source