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If you're looking for the ultimate chess status symbol (a clause that's hard to type with a straight face), however, you can lay down a cool $14k - or more precisely, $13,900 (not including tax or shipping and handling, so that figure will go up) - on...a Paul Morphy watch. It's a replica of a watch that was made for Paul Morphy himself, over a century and a half ago, and if you want to impress all the locals at your club, this watch may be just the thing for you.
Alternatively, you could pay for 365 months' worth of child sponsorship on Compassion International, or 356 months' worth on World Vision, or help fight famine and poverty through Oxfam, or pay for thousands of meals at your local soup kitchen.
On the other hand: what...the...[cough]????