The $12,000 steel commuter bike…

A few months ago, Chanel announced that they’re rolling out a boutique city cruiser, which looks pretty much like any other neo-Dutch knockoff.

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With a price-tag of $12,000, I couldn’t help wondering what type of person would drop that kind of dough on a bicycle that is the equivalent of a $100 gourmet hamburger.

Now I have my answer: Courtney Cox has bought one as a gift to her good friend Jennifer Aniston.

Just when you think humanity has reached the peak of vanity and acquisitiveness, a celebrity proves you can go even further.

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