I used to work in a major publishing house where some of my colleagues thought it was perfectly normal to own a $12,000 handbag.
Now, $12,000 is nothing to sneeze at. But you’re obviously not just buying a throwaway item. Some would argue that you’re actually buying a piece of art. And I don’t doubt that the bag has probably been extremely well made, lovingly hand-stitched and is priced to include the very expensive celebrity who was paid to endorse it.