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Answer for the clue "The quality possessed by something that is excessively expensive ", 11 letters:
sumptuosity

Word definitions for sumptuosity in dictionaries

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Sumptuosity \Sump`tu*os"i*ty\, n. [L. sumptuositas: cf. F. somptuosit['e].] Expensiveness; costliness; sumptuousness. [R.] --Sir W. Raleigh.

WordNet Word definitions in WordNet
n. the quality possessed by something that is excessively expensive [syn: lavishness , luxury , sumptuousness ]

Wiktionary Word definitions in Wiktionary
n. Expensiveness; costliness; sumptuousness.

Usage examples of sumptuosity.

He was rather a favourite with the regiment, treating the young officers with sumptuosity, and amusing them by his military airs.