Yup. I'm not a celeb or rich but I dream about a raisin croc Birkin as sort of a grail bag, I'll never be able to afford it but if I could and one was presented to me, I'd grab it because it would just be an amazing piece to have. But I do not expect to ever be in that situation, so I just admire the women on this forum that do have those pieces and treat them like gold, just as they do all their other possessions. These women also aren't frivolous with their money, think hard about whether they want it or not, and don't settle (like if they were after black alligator and get offered brown croc or ostrich, they don't buy it impulsively just because it was offered). They also don't really spoil their children with whatever little thing they want.
So I'd say, it may be a lot to most of us but it is definitely relative and it's up to people to spend their money how they want.