Just What Does a $48K Canopy Bed Look Like Anyway?

Just What Does a $48K Canopy Bed Look Like Anyway?

Carrie McBride
Sep 2, 2015
This is not a $48K bed. Merely a $7.6K bed.
(Image credit: Horchow)

I was reading an article about the arrest of Mark Karpeles, former CEO of Bitcoin exchange Mt. Gox, and an odd detail caught my eye: he is accused of stealing millions of dollars from clients, $48K of which he allegedly spent on a luxury canopy bed. My mind tried to picture what such a bed for such a price would even look like and I came up blank. The beds I covet top off around 3-4K, so what would an addition 45K look like? Time to go virtual shopping.

(Image credit: Restoration Hardware)

I started my search at Restoration Hardware since they tout themselves as a "luxury brand". So how luxurious are their canopy beds, I wondered? The Reclaimed Russian Oak 4-poster canopy bed was the most expensive I could find on the site. It's an attractive bed for sure, but not as luxurious as I was looking for and only $5,695 even for the California King size.

(Image credit: Horchow)

Not considering myself much of a luxury shopper, I next simply Googled "luxury canopy bed." One of the first hits was for Horchow. Pictured above (and top) is the Gilded Pressley King Bed. Made in the USA by Bernhardt, this 400 lb. steel behemoth only rings in at $7,599. Peanuts, really.

(Image credit: Wayfair)

The Villa Valencia Canopy Bed by Michael Amini—which only comes in King or California King size (respect)—is covered with ornate carvings and boasts marble pillars. The bed has one 5-star review on Wayfair, but alas and alack, is only $7,733.

(Image credit: Rosenberry Rooms)

The Forest Dreams Canopy Bed at Rosenberry Rooms is a steal at $7,600 but if you choose a king size with gold leaf finish you add an additional $2,452 for a grand sum of $10,052. Red Riding Hood fantasies are free of charge.

(Image credit: 1st dibs)

Through 1st dibs, Kelly Wearstler is selling this palm frond beauty from the 1970s. It even has its own down-lighting installed, but only gets us to $15,000.

(Image credit: Bernadette Livingston)

Now we're getting somewhere: this custom made Gothic-style canopy at Bernadette Livingston even has its own chandelier. And, it carries a price tag of $24,495.

(Image credit: Etsy)

This bed, found on Etsy, carries a lot of history, if not luxury. From the late Victorian period, the bed once resided in the Raj Palace in Bengal Delta, India. It can be yours for $31,319.03.

(Image credit: World's Best)

Stymied that I couldn't seem to break through to the 40K range, I went back to Google and, like any savvy shopper, used the price range filter. I entered a range of $44,000-46,000, but there were no results. How about just $44,000- infinity? Yes! I had one hit. It was more than the 45K bed I was looking for, but perhaps Mr. Karpeles knows a guy or invoked a "good guy discount."

Behold: the Renaissance Canopy Bed at World's Best (one for your bookmarks). With Corinthian-style columns, silver leaf details and interior lighting, this bed is certainly luxurious. I know what you're thinking - it's not modern enough for a 21st Century CEO. But wait - there's an optional flat screen plasma TV lift in the footboard, need I say more?

In Ultra King size, this bed tops out at $65,995 or 285.99 bitcoins.

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