If you were rich, would you buy designer bags (Chanel, Gucci, etc) for your 16-year-old daughter?

Like a $12,000 Chanel bag. I'm talking about if you make $200,000+ a year. I would definitely buy designers for her, bc I work hard to give my child a better life than I had growing up. Wbu?
If you were rich, would you buy designer bags (Chanel, Gucci, etc) for your 16-year-old daughter?
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