Solid-gold Christmas tree selling for $4.2M

You won't believe what's featured on this 88-pound art piece.

By Kim Peterson Dec 17, 2012 9:43AM
Credit: KAZUHIRO NOGI/AFP/Getty Images
Caption: An employee of Japan's jeweler Ginza Tanaka introduces the 350 million yen (4,270,000 USD) Disney Gold Christmas Tree which is 2.4 meters in height and features 50 Disney characters made of gold, in Tokyo on November 21, 2012. The Christmas tree will be displayed in the shop until 25 December.The humble Christmas tree has come a long way. Behold the solid gold Christmas tree, now selling for $4.2 million in Japan.

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.

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16Comments
Dec 17, 2012 3:30PM
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That is not a tree nor does it even remotely resemble a tree.  It looks like a three tier merry go round.
Dec 17, 2012 3:31PM
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Doesn't even look like a tree.

Stick with coins.
Dec 17, 2012 3:44PM
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Looks like 3 merry-go-rounds stacked on top of each other...does not resemble a Christmas tree in the slightest.

 

Dec 17, 2012 3:51PM
Dec 17, 2012 4:47PM
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why do you people do stupid stuff like this when you could feed and provide medical and so many other things for unfortunate people in the world really be human
Dec 17, 2012 11:23AM
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At current gold prices, 88 pounds is worth 2.4 million. This tree isnt a pure gold play. I dont see value to buying it with a 2 million premium.
Dec 17, 2012 6:07PM
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People wonder what is wrong with the world today.  This is an ugly 7 feet 4.2 million dollar example in all its glory.
Dec 17, 2012 7:01PM
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I'd rather buy gold bars than this crap that does not even resemble a tree in any form or fashion.
Dec 17, 2012 8:10PM
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Who is the "YO-YO" that labeled this a tree? Looks more like a Wedding Cake!
Dec 17, 2012 4:52PM
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"now selling for $4.2 million in Japan"...

 

No, now PRICED at $4.2M.  Big difference between selling and pricing.

Dec 20, 2012 5:16PM
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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.

 

Dec 20, 2012 3:56PM
Dec 18, 2012 10:16AM
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Just an audacious display of yellow stuff and trinkets.
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