Balenciaga's creative director has teamed up with Poltrona Frau to create a luxury redoing of a banal, everyday item

High fashion also comes at a high price, especially when made by a top designer. Alexander Wang, current Creative Director at Balenciaga, has created a three-piece furniture set for century-old Italian furniture manufacturer Poltrona Frau. The collection, set to come out this February, features a brass-footed shearling beanbag chair, retailing for $8,800, as well as a second leather beanbag and a bar cabinet with wheels and brass shelving.

This new collection was inspired by nearly a decade's worth of meditation on home decor, as Wang tells the Wall Street Journal:

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