full size Kim Kardashian's Designer Baby Handbag Gift for Penelope

It’s kind of an aunt’s job to spoil her nieces and nephews, but Kim Kardashian takes that duty to a pretty extreme degree.

Among Kim’s 2012 Christmas presents to her now seven-month-old niece, Penelope Scotland Disick: An itsy-bitsy, teeny-weeny, yellow Balenciaga purse. And we almost choked when we saw the price tag for one of these baby bags.

full size Balenciaga baby bag

Well, first off, Penelope’s bag is actually a keyring that looks like a toy version of an adult Balenciaga “Classic First” bag, and it will set you back $345! While that seems an almost reasonable price when compared to the $1,235 price tag of the standard sized Balenciaga Classic First, it’s still a hefty chunk of change. That’s not just a lot to spend on a baby accessory — it’s a lot to spend on a keychain!

We’re sure Penny looks complete adorable holding onto this tiny tote, but the price tag does seem a little ridiculous, don’t you think?

Source: Kim Kardashian on Instagram, Balenciaga USA