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A purse that costs as much as a car may seem ludicrous to some, but for others the Chanel Shell Minaudiere is as exclusive as it gets. A stunning clutch inspired by the ocean, it has a jaw-dropping price tag of up to $48,000. Just recently, Chanel had made the decision to raise their prices in order to cater to a more exclusive crowd, so this number may be more reflective of the label than its actual quality and materials.

Debuted at the Spring 2012 fashion show in Paris, the Chanel Shell Minaudiere is available in two models. The nearly $50k version is fashioned out of leather and covered in multicolored freshwater pearls while the plainer alternative sporting a pearly resin finish is priced at a more modest $33,000.