Over the weekend, a clump of Elvis Presley's hair, shorn from the king of rock and roll's scalp when he joined the army in 1958, was sold by Leslie Hindman Auctioneers in Chicago. When the gavel banged, an unnamed
creep collector walked away with the furry treasure—after ponying up a cool $18,300. Not to be outdone, Ralph Cohen, the producer of Michael Jackson's ill-fated 1984 Pepsi commercial, put a dozen or so singed hairs he collected (after helping extinguish Jackson's burning noggin, much to his credit) up for purchase through a Nottingham auction house on Saturday. Details on the buyer have not yet emerged, but the sample was expected to bring in up to $1,600 ($133 per strand!).
In this flagging economy, investing in hair may be a viable option for you. Here's what you need to know about the exciting up-and-coming market: