+1 on don't over spoil. That sets a certain precedent and becomes expected.
On the bag pricing, my wife and I were in New York once at Yves Saint-Laurent and they had this alligator (or crocodile, whichever is still legal) bag that -- I had to ask -- had a $50k ... Yes that is $50,000 ... Price tag.
It was 30% off - That was the funny part!
It's insane how much this stuff costs.