I don't believe for what people spend money:

"From the makers of the $3 million Apple iPhone 3GS, also termed as the world’s expensive mobile phone, comes yet another stylish, elegant and luxurious product that is sure to make the connoisseurs of luxury products leave speechless.
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These exclusive limited edition wallet will have only three versions out. Carrying a price tag of a whopping $96,900 iPhone Tamara Runge Edition Wallet will be launched via Republica Fashion.

› See More: iPhone Tamara Runge Edition Wallet – A Diamond Studded Wallet for Your Luxury iPhone