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 © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. 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 Morningstar Inc.
[BRIEFING.COM] The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.
Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline ... More
More Market News
Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'