Fall Fashion 2010 - Not Feeling The Faux

I just received the new designer collection catalog from Nordstrom and I wanted to ask when did reliable, affordable and yes, slightly boring Nordstrom turn into Bergdorf Goodman?
I thought that Nordstorm was where you went to shop for Tahari and Calvin Klein not Proenza Schouler and Balmain.
Well anyhoo the new designer catalog is out there and I don't mean in terms of design.
Take this Chanel coat, for example

Tweed coat with faux-fur trim, acrylic/cotton $8,555
OK, so add sales tax and you are north of $9,000 for a faux-fur coat
and let's not forget the matching bag

Faux-fur clutch with tweed detail, wool/acrylic/calfskin $2,795
Once again, add sales tax and this faux-fur clutch is north of $3,000
Who would pay these prices...no really I want to know....who?

My world is all about intrinsic value not ephemeral fashion meaning I break things down into the cost of the materials, how much did it cost to manufacture, etc.
and let's just say that I don't see $9,000 worth of intrinsic value in this coat.
Do you?