New Miniature Jacquemus Designer Bag Costs $500, Barely Carries Anything

Ok, I never claim to know anything about fashion or accessories, but I am REALLY confused by this one.

The new bag from the Jacquemus 2019/2020 line is literally only big enough to maybe fit a piece of gum or a key fob.

AND IT COSTS $500!!!

Ladies:

a) would you carry this around?

b) WOULD YOU PAY $500 FOR IT??

So confused by this thing.