J. Crew's Alligator Purse Costs A Cool $1,500 (PHOTOS)

And it's made of WHAT?

J. Crew has slowly but surely been moving into the high-end market, with a showing at New York Fashion Week, the pricey "Collection" pieces and even a Manolo Blahnik collaboration that never really took off.

The retailer's latest move into luxury comes in the form of an accessory -- a very expensive accessory. This month J.Crew introduced an alligator version of their signature Edie purse, a small boxy bag with a long, thin strap. The pricey piece, which arrived "just in time for the holidays," clocks in at $1,500 and is being sold exclusively at J. Crew's Madison Avenue location.

There were just nine alligator bags made, the brand writes on its Tumblr. But if you're really desperate, you can settle for the python version, which costs only $795 and is available on JCrew.com.

While you're at it, you can snag the matching python pencil skirt for a cool $1,800.

The J. Crew Tumblr calls the alligator Edie bag "the perfect 'I was very good this year' gift." We're calling it ridiculously extravagant, especially for something with a J. Crew tag. What do you think?


j crew alligator purse

j crew alligator purse

A $1,500 bag is nothing compared to these babies:

Damien Hirst & The Row

The Most Expensive Bags

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