$15,000 umbrella stand: nothing exceeds like excess

Teresa's written a wonderful blog post about the revelation that Tyco's crooked CEO spent "6,000 on a shower curtain, $15,000 for an umbrella stand, $2,900 on coat hangers, $5,960 on bedsheets and $2,200 for a wastebasket."

Naturally, they assured her that not only is it possible to pay $6,000 for your shower curtains and $2,200 for a wastebasket, it's a Good Thing to do so, practically essential. Then they explain how:

"Sometimes the wastebasket is exposed," said Joel Joves, a designer with offices in Rancho Santa Fe and Beverly Hills. "If you have a fabulous study or master bedroom, then maybe we need a pewter-finished basket with decorative pearl beadings or semiprecious stones to complete the look of a room."

That's Fool Money at work. If you can't find a sufficiently fabulous wastebasket for $200, $500 absolute tops, you're not half trying.

Link

Discuss