Speaking to the 47%: The $105,000 champagne tower featured at Obama fundraiser hosted by Jay-Z and Beyonce

President Barack Obama attended a fundraiser at Jay-Z's 40/40 Club in Manhattan that featured a champagne tower of 350 bottles worth $105,000 - more than twice the median household income of an American family.

The tower of $300-a-bottle Armand de Brignac Brut Gold, known as 'Ace of Spades' because of its label, is a permanent fixture at the club.

'It’s floor-to-ceiling gold bottles in the entire space,' a 40/40 representative told the New York Post. 'It’s beautiful—breathtaking. It’s the first thing you see when you walk in.'

The median income for an American family was $51,413 in 2011.

$105,000: The champagne tower at the Tower 40/40 Club that costs twice the average income of a US family

Friends in high places: President Obama chats up Beyonce and Jay-Z at the $105,000 New York City champagne fundraiser the couple threw for him on Tuesday night

Some 100 people attended the $40,000-per-person event, which took place after Obama spoke to 200 donors at a $12,500-per-family reception at the Waldorf Astoria. The total campaign cash haul for the day was $6 million.

At the 40/40 Club, the singer Beyonce introduced Obama and said that she and her husband Jay-Z 'believe in his vision'.

Obama said: 'Let me just begin by saying to Jay and Bey, thank you so much for your friendship. We are so grateful. Michelle and Malia and Sasha are mad at me because they are not here.

'That doesn’t usually happen. Usually they’re like, we’re glad you’re going–we don’t need to go. But every time they get a chance to see these two they are thrilled, partly because they are just both so generous, particularly to my kids. And Malia and Sasha just love both of them.' Read more>>

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