Turns out it might well be exactly that: The whole thing is covered in 24-karat gold.
Gaga's stylist contacted jewelry designer Ken Borochov and commissioned a gold-plated chair, giving him just a week's notice to create it, according to the Daily Beast.
"It was a huge undertaking," Borochov told the Daily Beast.
The chair, with tufted black-leather seats and a removable leather canopy, includes 1.5 ounces of gold plating, which alone is worth about $2,400. "I wanted [it] to look like a throne," Borochov said.
He won't, however, reveal the total cost of the chair.
The designer, who has also made jewelry for Gaga, 26, but has yet to meet the star, said the chair doesn't include any modern technology. It's not electrically powered, for example.
"The most important thing was supposed to make something extraordinary that is fit for a queen, which Gaga is," Borochov said.
Prior to her surgery to repair a tear in her hip, Gaga told fans that she couldn't walk, and was spotting using a run-of-the-mill wheelchair, which she'd dubbed "Emma."
It's unclear whether Gaga is actually using the golden wheelchair to get around, or whether it's simply a cool fashion accessory.