That sentiment went out (if it was ever truly in) a long time ago. I would say if you are are alive you’ve been given much, and should act accordingly.
I also question what makes a purse worth $100K. I passed through a Hermes store once many years ago. I had never heard of the brand. I was looking at a scarf and the salesman informed me it was “only” $700, and “Imagine what my wife would think of it...”
I said, she’d kick my butt if I paid that much, and left.