Mary Kate & Ashley Olsen have designed a new handbag expected to fetch $55,000.00. Would you buy it?

The Olsen twins have designed this bag/ backpack. Other bags designed by the girls have commanded $17,000-$39,000.00. This bag is expected to sell for $55,000.00 according to the Daily Mail. Would you buy something like this at even half the price? Why or why not?