Solid-gold Christmas tree selling for $4.2M
You won't believe what's featured on this 88-pound art piece.
The tree is on display at the Tokyo store of Ginza Tanaka, a Japanese jeweler that specializes in gold, Nippon News reports. It has a Disney (DIS) theme, and features 50 Disney characters on the tree's three tiers. Mickey Mouse ears adorn the top and can be spotted throughout the rest of the tree.
"Walt Disney invited us to come up with something special," the jeweler's marketing manager, Nick Mizuki, told MarketWatch. "They are pushing the concept of selling Disney items for adults."
The tree is 88 pounds of gold, and is more than 7 feet tall. It was created over two months with involvement from 10 artisans.
A Disney tree would certainly create an unusual statement. But you can get a luxury artificial tree for far less. Retailer Balsam Hill sells a 7.5-foot, pre-wired "Centennial Fir" evergreen for $649.
The Celebrity Net Worth website thinks the solid gold tree is a great investment, especially considering that the price of gold has skyrocketed from $800 an ounce five years ago to $1,690 these days. If gold repeats this performance, the tree could be worth about $9 million in the future, writes Brian Warner.
More from Money Now
- Wal-Mart wants to save the Twinkie
Looks like 3 merry-go-rounds stacked on top of each other...does not resemble a Christmas tree in the slightest.
"now selling for $4.2 million in Japan"...
No, now PRICED at $4.2M. Big difference between selling and pricing.
would need to be placed behind bullet proof and 'souvenier' proof glass. Imagine setting this thing up and people casually walking by it and pick a souvenier or two while they are at it.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
More than 8,000 households got hit with the one-time levy as Socialist President Francois Hollande continues to target the nation's wealthiest.
- Farmers cultivate drones as new high-tech tool
- Apple's overseas hoard unfair to taxpayers
- Why hugely profitable ESPN is laying off workers
- Tornado shelters become a vital business
- Victoria's Secret won't sell cancer 'survivor' bras
- DC is doing nothing to fix the economy
- Models have it easier getting into US than engineers
- Bernie Madoff earns sweatshop wages in prison
- Motor home sales rise in hopeful economic sign
[BRIEFING.COM] Stocks ended modestly higher as the S&P 500 climbed 0.2%, and the Dow added 0.4% to register its 19th consecutive Tuesday of gains.
The major averages saw little change during morning action, but afternoon buying interest helped lift the indices to session highs. Most cyclical sectors (with the exception of materials and technology) finished among the leaders, but the defensively-geared health care sector settled atop the leaderboard as biotechnology outperformed. ... More
More Market News
The auto parts giant beats Wall Street expectations, while continuing to expand its stores in the U.S. and Mexico.