I have a good friend Heather who cannot live without her La Mer 'The Lip Balm' ($50 at Nordstrom). In fact, she has two of them – one for her handbag and one for home. She let me try some and it did feel really good on my lips. I know you are asking, "Is it really worth $50?" To me, its all relative. If you really like it and it's something you are going to use everyday and be happy – I say go for it!
Fancy lip balms may try and promise more "fancy" ingredients than your regular old drug store chap stick, but the reality is -- they are just so damn pretty that I just can't help but covet them.
Here are more fancy, luxurious lip balms available at Nordstrom:
Chanel Rouge Coco Baume Hydrating Lip Balm ($35 at Nordstrom)
AERIN Beauty Rose Balm ($58 at Nordstrom)