Reality check – we live in a world where there’s a $500 milkshake. The frozen dairy treat is called the Velvet Goldmine and you can get it at the Powder Room, a new bar in L.A. opening on Friday.

The concoction includes several premium spirits, edible gold and Belgian chocolate ... with a side of a pricey Swarovski crystal ring. Don’t have pockets that deep? The hotspot will also serve up other decadent spiked delicacies for $13, like the Steel Magnolia – red velvet vodka blended with red velvet cake, cream cheese frosting and vanilla ice cream. Are your teeth sweating yet? (Condé Nast)

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