My ex-wife once spent $1,000.00 for a purse (This was back in the 1990s).....
..... Did I mention that she is my EX- Wife?
“and then it is worth whatever the melt value and the loose stone value would be.”
Lol, that is how I look at it too... There is more metal melt value in an old Ford Granada than there is in a brand new Corvette.
My Brahmin bags average $350 each. I carry them everyday, day in and day out, and they look great and hold up for years. My current bag is over 4 years old.
I passed an older bag to my DIL. She used it for 2 years and then gave it to her sister who has used it for 2 years. That’s 8 years of use (less than $45 per year or the cost of a cheap bag that falls apart quickly and you throw it away).
Like good boots or other quality handmade leather products, you buy them for durability. They can take the abuse.
$1K? Yeah, that’s just for the status symbol. Glad she’s the ex.
Was it a decent bag? When you consider that getting your nails done can run into three figures, $1K for a purse seems almost reasonable.