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We all know that the recession has had its affect on the entire economy, including the uber-rich. But that does mean the rich have stopped shopping at Hermes, buying Ferraris, or traveling first-class. Here are some luxury items we wish were on our Christmas list this season:

Fendi bicycle, $9,995, 212-759-4646

Jimmy Choo iPad case, $495, saks.com

14 K Monogram Beaded Bracelet $450 at janebasch.com

NARS Nagauta Kabuki Brush Box $350 at Mecca Cosmetica

2011 Escalade SUV Luxury Addition $62,900 at autoway.com

Jo Malone Roasted Chestnut Deluxe Candle $240 at jomalone.com

Goldstriker iPhone 3Gs Supreme £1.92 million at stuarthughes.com

Yoana Baraschi Golden Armour Beaded Dress $499 at yoanabaraschi.com

Holiday Gift Guide: 10 Great Gifts For “The Girl Who Has Everything”

3 Splurge-Worthy Holiday Gifts

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