In Hong Kong you don't have to go to a high-end boutique to find insanely expensive handbags.
My wife spotted this one in a little hole-in-the-wall shop in Tsim Sha Tsui (I didn't have my camera with me so I made a quick snap on my iPad):
Yes, that's right, they want HK$580,000 for it (about US$74,550). Sure, it looks like it's made of crocodile skin and is probably leather-lined as well, but I can't see the logic in forking over that much for a purse. So who are they kidding with that cheesy hand-drawn price tag? Even Prada's limited edition croc handbag tops out at US$40,000.
I suppose if you were ultra-wealthy and inclined to waste money and a perfectly good crocodile, half a million dollars is mere pocket change. But wealthy people don't stay rich for long by dropping ridiculous amounts like that. Heck, you can buy a Mercedes-Benz C 300 Avantgarde V6 for nearly the same amount. It's wanton to the point of foolishness.
Because for that kind of dough car-jackers can easily switch to conking you on the head with a brick before sprinting away with your ostentatious acquisition.