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I'm not super into skins but I appreciate that you can just re-sell stuff you buy at a later date.

When I was a big enchantress player (ironically I was much smaller in terms of sheer mass back then) I bought this hat for about £5. 3 years later I sold it for about £4.

A single league cosmetic would be far more costly and be unsellable, and yet my 'fu loves to spend her money on league skins and genchink impact characters and other slop.