Lego unveils 3,662-piece set that creates a grand piano model you can play

If you've always fancied a grand piano in your home but haven't got the space, Lego might have come up with the next best thing.

The Danish toymaker has released a 3,662-piece set of a grand piano which, when built, can produce music.

The set of the delicate but functioning instrument features 25 playable keys, a top lid that can be propped up, an adjustable bench and a moving damper and pedal.

Once completed, it stands at 22.5 centimetres high, 30.5cm wide and 13.5cm deep when closed, meaning unlike a life-size grand piano, it’s a lot easier to store around the house.

There’s also an app you can download on to your smartphone to auto-play songs on command or even help you compose and record your own music.

The grand piano set is part of the Lego Ideas collection, which offers fans the chance to submit their own creations with an opportunity to have their concept brought to life through the toymaker.

The idea of the piano was created by Chinese music teacher Donny Chen and even features a music sheet composed by him as well.

“When I first discovered Lego Ideas, I knew I wanted to build something that not only combined my two passions, but also looked visually stunning," Chen says. "It’s truly an honour to see my idea brought to life by the talented people at The Lego Group and I hope it brings joy to all the other music fans who voted for the idea on the Lego Ideas platform."

The Lego set for the grand piano features 3,662 pieces. Courtesy Lego

Federico Begher, vice president of global marketing at The Lego Group, revealed that the company enhanced Chen's design to make it playable.

“We get so many amazing concepts submitted through our Lego Ideas platform, but when we saw Donny’s piano design, it really stood out as something extraordinary, with great potential to become a truly unique Lego set,” he says.

“The accompanying images and video submitted by Donny really sparked some ideas within the team. We believed that including power functions as part of the model to enable the set to play real music in real life would elevate the design even further.”

Here's a video showcasing how it all came together:

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Lego unveils 3,662-piece set that creates a grand piano model you can play

The concept was created by Chinese music teacher Donny Chen

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