Madonna auctioned off her black alligator handbag by Chanel for the amfAR AIDS benefit. The diamond-studded purse brought in $471,000. She had actually brought the purse with her and although she removed and kept her blackberry and phone, she let the winner keep everything else inside, including some blotting papers, lip gloss, a mirror, and lozenges.

When someone commented that her bag crushed George Clooney’s $300,000 kiss last year, Madonna joked that it was because that was “cheap. Everyone’s kissed George Clooney.”

I can’t help but wish my lifestyle included the ability to buy a $400K Chanel bag for charity! Would you buy Madonna’s purse if you could afford it?