The extravagant accessory is designed in collaboration with renowned artist Damien Hirst and it’s been dubbed “wearable art.” The backpack is limited edition — as in, there are only 12 of these babies. Each bag features black patent, Nile crocodile leather and is adorned with various designs (like pills or gold circles) courtesy Hirst.

Initially the price of the backpack was originally kept hush-hush and The Row declined to release that info. But when People magazine called Just One Eye (the site selling the creations), they shared with PEOPLE.com the five-figure price tag.

But before you go thinking that absolutely no one is going to drop $55,000 on a backpack, consider this: The Olsens released a similar a purse for $39,000 earlier this year — and it sold out. Geniuses. I understand wearable art and I think that when it comes to clothes or accessories, taste levels will all be different for different people. However, I think this bag is just beyond comprehendable with the pills attached to the bag. Creative, yes, but would you really even want to carry that bag around?