I have never even considered paying upwards of $400 for a purse (Coach, Kate Spade, etc) although I really like that green KS bag I saw in a recent post. I tend to like to change my bags, so I'm not likely to hang on to one forever. Ergo, I can't justify spending so much money on something I won't have for more than a few years.

I'm just wondering what is it that makes these items a good value for those of you who do spend the money? Are they really better quality than, say, a leather Stone Mountain bag? Or is it just the style that grabs you? I tend to think they're just label hype and we're all just being suckered...