This 24-Carat Gold-plated Goldgenie Bike Sells for $390,000. Forget Ferrari

A bike fit for King Midas is now available for $391,017. The 24 karat gold-plated bike is available from Goldgenie.

Every single metal part of the bicycle, including gears and chains, are covered in the precious metal. The seats are also covered in limited edition soft San Marco suede saddle. The tires are SR4 racing tyres.

If that is not enough bling for you, the company also offers an option with diamonds embedded all over the frame for an asking price of $470,345.