Datta Phuge may be a nice guy, but the millionaire from Pune, India, probably wouldn't give you the shirt off his back. There's a good reason: That shirt cost him $235,000 and is made of solid gold. Phuge, a 32-year-old moneylender, recently hired a team of 15 goldsmiths to make the shiny shirt and they needed to work two weeksâ worth of 16- hour day shifts to get the gold threads just right. The end result is a 22-karat gold shirt weighing more than 7 pounds and consisting of 14,000 gold flowerings, interwoven with one-lakh spangles, Oddity Central reported. The shirt was assembled on a fabric base of imported white velvet, and comes with six Swarovski crystal buttons and a gold belt. To make it extra fancy -- as if that's possible -- the gold guys also crafted matching cuffs and a set of rings from the leftover gold, according to the Mirror. It might seem like conspicuous consumption times 10, but Phuge considers the shirt an investment that will keep appreciating. âPeople buy cars and go on holidays abroad,â he said, according to the Los Angeles Times. âFor me, gold is the ultimate passion. That is the reason I have spent a whopping amount of money on the shirt.â Truth be told, there's another reason: The chicks. "I know I am not the best looking man in the world, but surely no woman could fail to be dazzled by this shirt?" he said according to MSN.co.nz.2
The question is:
What factors would you consider in determining the market value of this shirt?â¨How did Mr. Phuge make his money? How has his career advanced?
Datta Phuge may be a nice guy, but the millionaire from Pune, India, probably wouldn't give you the shirt off his back. There's a good reason: That shirt cost him $235,000 and is made of solid gold. Phuge, a 32-year-old moneylender, recently hired a team of 15 goldsmiths to make the shiny shirt and they needed to work two weeksâ worth of 16- hour day shifts to get the gold threads just right. The end result is a 22-karat gold shirt weighing more than 7 pounds and consisting of 14,000 gold flowerings, interwoven with one-lakh spangles, Oddity Central reported. The shirt was assembled on a fabric base of imported white velvet, and comes with six Swarovski crystal buttons and a gold belt. To make it extra fancy -- as if that's possible -- the gold guys also crafted matching cuffs and a set of rings from the leftover gold, according to the Mirror. It might seem like conspicuous consumption times 10, but Phuge considers the shirt an investment that will keep appreciating. âPeople buy cars and go on holidays abroad,â he said, according to the Los Angeles Times. âFor me, gold is the ultimate passion. That is the reason I have spent a whopping amount of money on the shirt.â Truth be told, there's another reason: The chicks. "I know I am not the best looking man in the world, but surely no woman could fail to be dazzled by this shirt?" he said according to MSN.co.nz.2
The question is:
What factors would you consider in determining the market value of this shirt?â¨How did Mr. Phuge make his money? How has his career advanced?
