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Price for Samsung's new 110-inch 4K TV: $152,000 [Updated]

Price for Samsung's new 110-inch 4K TV: $152,000 [Updated]
Models pose with a Samsung 110-inch ultra-high-definition TV. (Samsung Electronics)

Hey, big spender, here's something to add to next year's Christmas list: Samsung's new 110-inch 4K television, which the electronics giant has just priced at a whopping $152,000.

The ultra-high-definition television, which has four times the resolution of standard high-def TVs, is available in South Korea, China and the Middle East, according to the Associated Press.

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[UPDATED: A Samsung spokesman said Tuesday that the 110-inch TV would be available for special order in the U.S. in the first quarter of 2014.]

As larger TVs become more popular, television manufacturers have been racing to create sets that are not only bigger but sharper as well. That's because picture quality tends to decrease as screen size grows, forcing viewers to move farther away in order to get an ideal view.

Although ultra-HD boasts superior picture quality, the TVs suffer from a lack of content and extremely high prices.

Nonetheless, ultra-HD TVs and OLED (organic light-emitting diode) TVs have been receiving a lot of buzz in recent years and have been heralded as the future of television.

Last week, a report released by NPD Group said interest in 4K TVs "is at a fever pitch as a critical moment is approaching in the market" -- that is, the technology is transitioning from early adopters to more mainstream consumers.

Ultra-high-definition TV shipments are expected to total 1.9 million units this year and are projected to rise to 12.7 million units in 2014. NPD said that rapidly falling prices, particularly in China, would fuel adoption.

Average prices for 4K are expected to fall below $1,000 in China next year, while the average will remain close to $2,000 in North America, the research firm said.

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