For this ointment might have been sold for more than three hundred denarii, and given to the poor

There is a fascination with and love of spectacle and extravagance on both the left and the right fringes of our ecclessial cloth that can, admittedly, be unbecoming.
But we do well to remember what and Who is glorified by our giving the best that we are able to the execution of the sacred mysteries.
It is not just "liturgical tat."
Indeed, properly vested, the priest or minister, or yes, pope, decreases as Christ, in His various Presences increases.
The priest who slings on a chasuble that for all the world looks like a wrinkled and very worn bed-sheet over the jeans and flannel shirt in which he was shortly before chowing down on a brat and a beer, whatever his personal level of reverence and devotion, gives a clear signal to those who may not yet have reached his level and so are in need of signs, that it is no very great thing we do here....
The care given, so far as I was able to see, (wasn't crazy about the EWTN coverage, lots of talking tonsured heads,) to all aspects of the Mass at the cathedral in Sydney yesterday, gave clear signals as well.
The vestments were no exception to the general excellence of the signs of the importance and gravity of the ritual being carried out.
Interesting tidbit about the vestments, from TNLM's combox. (Were I wealthy, St Bede's would be replacing some of the picnic cloths I see, and supplying some of the needs.)
http://www.haloscan.com/comments/stribe/6467872249357770576/

The vestments used at the Dedication Mass were made by The Saint Bede Studio and are being taken back to Rome by Monsignor Marini, who was most impressed by them,as were the other two Papal MCs. This is the reverse of the procedure followed by Paul VI and John Paul II, who left behind Roman-made vestments which were generally superior to those avaialable locally.