something that is displayed or exhibited.
something exhibited or worthy of exhibiting as a fine example of its kind.

1880–85; show + piece

1, 2. masterpiece, prize, gem. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
showpiece (ˈʃəʊˌpiːs)
1.  anything displayed or exhibited
2.  anything prized as a very fine example of its type

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
The product was a showpiece of innovation at the laboratories.
Could be the leopard-print carpeting and a showpiece piano bar.
In some ways it doesn't matter much of it is a showpiece for the founders and
  their supporters.
Technically, the device is a showpiece of modern engineering that employed much
  local ingenuity.
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