In brief: If you're the kind of person who could pay $237,000 for TV and have a living room big enough to mount a 118-inch set on the wall, LG has the perfect product for you: the new MicroLED Magnit TV. Paying 237 grand for a television might be something very few people would do, but the latest Magnit is still cheaper than the $300,000 136-inch model.

The 118-inch Magnit TV boasts the likes of 0.6 mm pixel pitch, a 4K resolution, chip-on-board (COB) LED technology, and AI-enhanced processing, though most of its $237,000 asking price comes from the fact it measures 9.8-foot diagonally and is based on LG's advanced DVLED (direct-view light-emitting diode) technology found in enormous commercial displays. It also has a 120Hz refresh rate, uses LG's webOS smart TV platform, and can reach a maximum brightness of 2,000 nits.

LG says that each of the TV's 8 million-plus MicroLEDs is an individual light each about the width of a human hair, enabling pure blacks and incredible contrast. It comes with HDR10 and HDR10 Pro compatibility, while LG's Alpha 9 processor, also found in the LG C3 and G3 OLED TVs, uses artificial intelligence deep learning technology to reduce picture noise and optimize color saturation and contrast based on room circumstances, according to the company's press release.

LG also promises hassle-free installation and configuration, with each MicroLED cabinet linking wirelessly to each other, and the ability to send and receive signals wirelessly using LG's Zero Connect Box technology, which can transmit 120Hz 4K video and audio to the screen.

"LG's block-assembly design allows power to be sent to each cabinet via pin connectors located on the edges of the LED cabinet hub. And LG Magnit cuts the time needed for cable management, with only a few wires on the back of the displays to link the cabinets to system controllers and power mains," the company writes.

As with the larger version, the 118-inch Magnit TV can be made even more expensive by opting for the optional Bang & Olufsens' Beolab 50 (in this case) speakers, which launched in 2017 with a nearly $40,000 MSRP. The TV comes with integrated 50-watt speakers as standard.

LG also has a Magnit TV with a screen even bigger than the $300,000 136-inch set. It unveiled a monstrous 163-inch version in 2020 for both commercial use and in people's presumably very large homes.

LG isn't the only company creating massive MicroLED televisions for those with depressingly large amounts of money. Australian manufacturer C Seed offers one that folds and costs $400,000. Samsung also makes its 'The Wall' sets in various sizes, including a 219-inch version that costs $800,000.