Forty winks -- at $1,000 each?
Luxury mattresses are becoming more popular, even as the economy teeters.
Sealy (ZZ) is making more mattresses for the luxury crowd, and just debuted the black-and-gold Golden Elegance king model for $4,999, The Wall Street Journal reports.
But that's nothing compared to the $44,000 "Sublime" mattress coming out later this year from California-based E.S. Kluft. It will likely become the most expensive American-made mattress, joining the ranks of other mattresses made with cashmere, mohair, silk and crimped wool, writes Anjali Athavaley.
Most of us have felt the damage a bad mattress does to your body. So does a mattress that costs more than your car help you sleep like a baby? Medical experts tell the Journal no, bed surface doesn't really affect your sleep.
But people who plunk down thousands for a mattress will surely say otherwise. "It's like you're floating on air," one $28,000 mattress owner tells the Journal.
If I spent that much money on a mattress, I would definitely lose a few nights of sleep.
Sealy shares, by the way, have been in a slump since popping over the $4 mark in April. This week, they've been trading at about $3.
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Investors are anxious to see if hiring can maintain its strong pace in the second half of the year.
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