Well, judging by this story sent in by John B it might just be. Mind you, John also suggested the $1 million gold-plated diamond encrusted bling machine may even be used as first prize for his local club crits this weekend. If only.
Click the link to get the full story and loads more pics of this incredible bike.
http://www.chainreactionhub.com/latest-news/1220-is-this-the-worlds-most-expensive-bike