Beautiful Knitted Handbag, Buy it?

While walking through the town on Rye on Thursday, I went into one of my favorite shoe stores and saw this knitted bag by Margaret Nicole. It is absolutely stunning and as a knitter I know the work that must have gone into it but does it justify the price? So I will keep looking and admiring it as I did with the Fendi Bag and hopefully it will go on sale..... But then I won't hesitate to buy these....