Questionable Item of the Week: Cashmere Tank {you want how much?}

Cashmere Tank
Click here for product page
Item 30380
Regular $298.00

"Thanks!" to Dina who suggested this tee for a "Questionable Item of the Week" post because of the price.

J.Crew describes this top as the following:

With raw-edged trim at the neck and a shirttail hem, our superluxe Italian cashmere jersey tank looks equally brilliant over jeans or tucked into a statement skirt. Part of the J.Crew Collection. Import. Dry clean..

When I glanced over the Collection section of J.Crew's online site, I did not even notice this top. It looks like your every day tank top. But now, upon closer look...

This "cashmere jersey tank" is a little too see-through for my liking. I mean, you would definitely have to wear something (like a $10 tank top) underneath it. It is also a bit odd looking (in terms of fit) from the catalog images. It looks tight on top but loose around the stomach. Meh.

As for the price... yikes! I understand that cashmere costs a lot because it is cashmere. However, that price for that top (extremely thin & just a tank— no sleeves!) seems really outrageous to me. I mean, it costs more than J.Crew's Cashmere Popover Hoodie (Item 29627; $198.00) and that sweater uses additional cashmere for the hood & kangaroo pockets!

Do you think I am being overly-critical? What are your thoughts on this Cashmere Tank? Would you buy this or leave it at the store? Have you see this first hand, and if so, what are your impressions?