I always look for the best product at the lowest price. An expensive purse for me would be $20. I have bought purses for less than $10 that held up for a long, long time. If I were wealthy, I still wouldn't buy a designer purse. I'd prefer a jacket with lots of hidden pockets.
That is called intelligent logical rational practicality. In the end it is just a purse, a heavy duty plastic bag would even do the same job... lol
The status competition is senseless to me. Like absolutely needing a name brand solid gold hammer. Why? A hammer is just a hammer.