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white elephant (n.)

"burdensome charge, inconvenient thing that one does not know how to get rid of," 1851, supposedly from the practice of the King of Siam of presenting one of the sacred albino elephants to a courtier who had fallen from favor; the gift was a great honor, but the proper upkeep of one was ruinously expensive.

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Definitions of white elephant from WordNet

white elephant (n.)
a valuable possession whose upkeep is excessively expensive;
white elephant (n.)
albinic Indian elephant; rare and sometimes venerated in east Asia;
From wordnet.princeton.edu