Is he trying to buy my affection?

NymphoVic
I have a close male friend who I've known for 6 years, who makes a habit of giving away $10 to everyone for Christmas, regardless of whether of not they buy him a gift. This year, he only got me a gift, $100 pearl/silver/crystal earrings (which I absolutely love), the day after I gave him what was quite clearly a $10 scarf. we both work at close to minimum wage jobs, but he has quite a bit of money in his family, even more than what I have. He's often arrogant and emotionless but in the past year, he started hugging me (I'm a hugger, he's a germ-a-phobe), and asking me if I was going to see the Hobbit (I'm a huge LOTR fan) on a certain day at a certain time, etc. It began when I fell asleep on his shoulder while watching LOTR (the fellowship) at a friend's movie night sleepover. Is he just bragging about his wealth by giving me the nicer gift, trying to buy my affection through pretty shiny objects, make me feel indebted by spending 10x the price, or none of the above? P.S. we're seniors in High School, if that means anything.
Updates
+1 y
Well today I found out that he told all of his guy friends he would want to have sex with me.
Is he trying to buy my affection?
7 Opinion