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A private space tourism company, Galactic Suite Limited, has announced that they will be opening the first space hotel in 2012

The company is offering a three-night stay for 3 million euros ($4.4 million).

The zero-g resort will orbit the Earth at 30,000 mph, completely circling the planet once every 80 minutes, while offering visitors 15 sunrises per day.

Patricia Urquiola has designed a swing chair to add to the existing Maia collection of outdoor furniture that she designed for the Spanish manufacturer Kettal.

A one-off Ferrari on which we reported last month has been auctioned off for $1.77 million, including taxes.

The Ferrari 599 China was snapped up by an anonymous, silent auction participant based in Shanghai.

The one-off Fiorano was hand painted by Chinese artist Lu Hao with a pattern reminiscent of the sought-after Ge Liln porcelain of the Song Dynasty.

According to TMZ, Roman Abramovich dropped $47,221.09 on lunch at famed New York eatery Nello’s on Friday.

The tab came to $47,221.09. He added another $5,000 tip (on top of the $7,328 gratuity already included) for a total of $52,221.09.

The lunch menu comprised of filet mignon, white truffles and a bunch of expensive wines and it fed ten people at the table.

Rémy Cointreau Global Travel Retail has launched their Rémy Martin Louis XIII Rare Cask Cognac which is being touted as “supremely rare”.

Baccarat artisans have created a fresh version of the iconic Louis XIII decanter, whose shape was inspired by an ancient metal flask that was found in the mid 19th Century on the site of a 16th Century battleground.