Neiman 'Fantasy Gift' Pricetags Plummet to Mere $250K

Slowdown scales down costs as even super-rich turn 'frugal'
By Rob Quinn,  Newser Staff
Posted Oct 7, 2009 3:39 AM CDT
This $3.5 million Skycar was on the "fantasy list" in Neiman Marcus' 2005 Christmas catalog. But those big-big-big ticket days are over.   (Neiman Marcus)
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(Newser) – The slowdown in luxury spending has spurred Neiman Marcus to make its "fantasy items" in this year's Christmas catalog a lot less fantastic than in years past. For the first time in a decade there's no $1 million-plus items on offer, like the $20 million submarine offered in 2000 or the $10 million zeppelin in the 2004 catalog, reports the Wall Street Journal. The highest-priced item this year is a "his and hers" two-seater plane for just $250,000, including flying lessons.