I've taken a look at a number of really nice iPad mini cases, and the $120 MapiCases' Soli falls into the luxury end of the spectrum. However, you're not spending your money on looks alone. This is geninuely a very nice case.
The Soli comes in four colors of glossy European leather: black, brown, red and tan. It functions the same as a number of other good iPad mini cases, folding into two stand positions that will handle typing in landscape mode or watching videos. The magnets in the front cover will wake the iPad mini from sleep when you open it, and the lining protects the screen. MapiCases says each case is made by hand, and the craftsmanship shows.
I spent a week with the Soli and was pretty pleased. My one quibble