North West - Louis Vuitton Handbag

Yep, you heard that right. Rumor has it that North West, the firstborn daughter of self-proclaimed creative genius Kanye West and Kim Kardashian, is now the proud new owner of her very own Louis Vuitton handbag. For the record, North West is three years old. Three.

Kim and her daughter were spotted out and about in New York this week, and sure enough, there appeared to be a brand new, monogrammed mini Louis Vuitton Speedy bag dangling from the crook of the little girl's arm. Price tag? Right around $1,000!

What's more, is that this isn't the first time this week that young North West has been spotted out and about in New York City sporting an expensive handbag on her three year-old arm. According to The Sun, just a few days prior to the Louis Vuitton Speedy sighting, the toddler was spotted with her Mom standing outside of one of New York's hottest restaurants, Cipriani, with what appeared to be a Fendi handbag.

As one might expect in the age of social media, it did not take long for North and her designer bags to become a hotly-debated online topic. Here is just a smattering of what Twitter had to say about the whole affair. You have to admit, it resonates...

“North has a $2,000 Fendi purse and she doesn’t even know it”

“North West has a $2000 Fendi purse and I don’t even have enough money to buy a pack of gum…