Friend gave son v expensive gift

[Treebranch]

We have a new family as friends and they gave my son an extremely expensive gift for his birthday (£120) he is only 9. Is it OK to accept, even though we will never spend so much for their son? Or should we refuse? It's a bit late, he already used it, but I'm just wondering if I should have. They're foreigners so may have felt they had to, but everyone else at the party would have spend £20 max

AIBU - I should have refused
YANBU - nah it's fine.

Did you ask why they spent that much?

They gave it. You accepted. That's that.

Speak to them. Just talk to them about how much it was and how you wont spend that much on a friend of your child's etc.

Obviously work it carefully and be open but be clear that you dont want gives that expensive, it is not the done thing etc.

I notice that my kids eastern european friends give expensive presents though not that much. Usually about 2 or 3x more than other kids. We reciprocate.

It's a bit late now but perhaps in conversation you could say how kind that was but that you wouldn't and can't reciprocate equally.