^^ I think it all depends on your taste. Yes, most of us would go out and buy Chanel or Hervé Léger or Chloe at that price, but I think the person to buy it is the person who absolutely adores it! And there are many people who might rather buy that cardigan than a piece by Valentino or whoever, because of what they prefer.
I would definitely love to see it in person. It seems a bit dark and I'm not interesting, but they've had a lot of J.Crew Collection pieces recently and I've been wondering about how they look. They could be really nice, but I'd definitely rather buy a Chanel bag for that much, LOL.