Have you guys heard about this toy? I’m sure you want to have one of this, but this is not your average matchbox toys man. This $140,000 diamond encrusted 1:64 scale Hot Wheels car is the most expensive toy car in the world, created to commemorate the 40th Anniversary of Mattel’s at the 105th American International Toy Fair.

Why is it so expensive? As you can see in the glittery images, it is all about the 23-carat bling-bling man.

The car has 2,700 blue, black, and white diamonds covering its 18-karat white gold frame. The blue diamonds are used to mimic the Hot Wheels Spectraframe blue paint, while black and white diamonds cover the underbelly and for the engine. For the brake lights, they used rubies. It was Designed by celebrity jeweler Jason of Beverly Hills.

The vehicle was introduced by Nick Lachey and is anticipated to be auctioned off in late 2008, thereby donating the proceedings thus generated towards Lachey’s charity of choice, Big Brothers Big Sisters.