The Fijian island of Vatu Vara is being offered for sale by Coldwell Banker Morrisons Private Islands. Also known as “Hat Island” after the 1,000-foot-high round mesa that dominates the center of the island, it’s described as “The Most Beautiful and Expensive Private Island in the World.” It’s about 2 miles across – about 4,000 acres in size, a hundred times bigger than the proposed archipelago in the Arkansas River.

The price tag: A mere $75,000,000, a tenth of The Channels’ $788 million cost. In fact, for the price of The Channels, you could buy the 100 most expensive islands offered for sale on www.luxuryrealestate.com and still have about $58,000,000 in change.

(Sandy Cay, in the Bahamas, the private island owned by the owners of Tulsa’s monopoly daily newspaper, is a bargain at a mere $2,675,000.)