Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

The Straight Story

(48,121 posts)
Mon Apr 15, 2013, 12:39 PM Apr 2013

Why spend $250,000 on a gold shirt?

An Indian man has bought one of the world's most expensive shirts, made with more than 3kg of gold and worth $250,000. His is an extreme case of an Indian obsession with the precious metal.

Datta Phuge's nickname is "the gold man", and it's easy to see why.

His knuckles, neck, and wrists are weighed down by the precious metal - signet rings, chunky bracelets, and a medallion that even an Olympic champion might envy.

And on top of that, draped resplendently around him, glittering in the light, is a shirt of gold.

Weighing a staggering 3.3kg (about 7lb), it cost him a cool quarter of a million dollars (£162,000).

http://www.bbc.co.uk/news/magazine-21994873

24 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Why spend $250,000 on a gold shirt? (Original Post) The Straight Story Apr 2013 OP
Crikey! Helen Reddy Apr 2013 #1
India has rappers? nt Dreamer Tatum Apr 2013 #2
He still looks like a goofball. nt Poll_Blind Apr 2013 #3
Without the gold shirt, it would be hard to tell that he's a douche. n/t FSogol Apr 2013 #4
well, there is the 'stache.... Electric Monk Apr 2013 #8
This message was self-deleted by its author devilgrrl Apr 2013 #5
How much did his gold underwear cost? edbermac Apr 2013 #6
For that kind of money, he could have gotten something a little better designed Cleita Apr 2013 #7
"I call that gettin' tricked by a business..." alcibiades_mystery Apr 2013 #9
I thought they saved gold for heirlooms and it doesn't go in to banks Xyzse Apr 2013 #10
It's now worth $232,500 sofa king Apr 2013 #11
Beats him using the money to support conservatism, I guess. krispos42 Apr 2013 #12
PR bettyellen Apr 2013 #13
Soooo...is this what the rich buy when they run out of things to buy? Apophis Apr 2013 #14
He needs a mohawk and a van NightWatcher Apr 2013 #15
Is he Goldmember? Initech Apr 2013 #16
My money would be on him next to no "member" at all. /nt TheMadMonk Apr 2013 #18
With the gold price dropping.. Tender to the Bone Apr 2013 #17
Someone who wants to own a $170,000 shirt cthulu2016 Apr 2013 #19
well Veblen called it hfojvt Apr 2013 #20
If he's not married yet, he's definitely on the market now MrScorpio Apr 2013 #21
What, he couldn't afford the dressier long-sleeve version? Piker... petronius Apr 2013 #22
Still it looks a lot better than this. Ganja Ninja Apr 2013 #23
Lame. nt pinboy3niner Apr 2013 #24

Response to The Straight Story (Original post)

Cleita

(75,480 posts)
7. For that kind of money, he could have gotten something a little better designed
Mon Apr 15, 2013, 12:47 PM
Apr 2013

and stylish. A J. C. Penney's polyester shirt from the sixties is just that no matter if it's made of gold or polyester.

Xyzse

(8,217 posts)
10. I thought they saved gold for heirlooms and it doesn't go in to banks
Mon Apr 15, 2013, 12:52 PM
Apr 2013

It is used also for dowries and so forth.
In that sense, I can understand it. Crazy, but that is how it has been going supposedly.

Initech

(100,041 posts)
16. Is he Goldmember?
Mon Apr 15, 2013, 01:00 PM
Apr 2013


Schmoke and a pancake?
Flapjack and a cigarette?
Cigar and a waffle?
Pipe and a crepe?
Bong and a blintz?

Then there is no pleasing you!
 
17. With the gold price dropping..
Mon Apr 15, 2013, 01:00 PM
Apr 2013

It's probably worth $125,000.

Nice to see that he has to take a loss on a lousy shirt.

hfojvt

(37,573 posts)
20. well Veblen called it
Mon Apr 15, 2013, 01:45 PM
Apr 2013

"conspicuous consumption"

and since capitalism IS all about invidious comparisons, this would seem to be the reductio ad absurdum of this system.

But I sorta wonder if babelfish could translate that last sentence from jargonese to English.

MrScorpio

(73,630 posts)
21. If he's not married yet, he's definitely on the market now
Mon Apr 15, 2013, 01:52 PM
Apr 2013

I'm sure that he'll get a lot of prospects with that get up.

Latest Discussions»General Discussion»Why spend $250,000 on a g...