A Brief History of the Playboy Club

Playboy Club
Archive Photos / Getty Images

Membership to the club — $50 for residents and $25 for out-of-towners — was represented with a key. The key became a status symbol; in fact, most keyholders never even visiting a Playboy Club. In 1961, TIME called it "the closest thing to Phi Beta Kappa from Yale."

Get the Latest Photos from Time.com
Get TIME photos and pictures of the week delivered directly to your inbox.