Versace has officially debuted their Year of the Dragon Jewel Limited Edition line of handbags, only available in Asia. The handbags are engraved with precious stones and "Year of the Dragon 2012" tags. Only 210 handbags have been created and with a price tag of $5,017 - there is no doubt they will go fast. 

I mean let's face it. 5k is a lot to drop on a handbag but I can think of several other bags in mere seconds that rival this price tag. For example, Versace also issued 60 pieces of the "Year of Dragon 2012" in red python skin. Price has not been announced yet but I'm guessing five figures probably around 10k.