I'm seriously pressed for space, no room in the closet, or on the back of any doors (that's where my shoes, hats, gloves live). I also don't really want to see my purses and stuff hanging out in the open on a coat rack or anything like that. It would make me feel like I'm living in a closet. I can see how you might be able to do this if your space was larger than ours is. But our rooms are small... so no way around it, I'd feel like I was living in a walk-in closet.
So my purses are kept in a dresser in our entry way (which we don't actually have... we have a living room; the dresser is near the door, so I call it an entry way because that sounds fancier). They are admittedly all a jumble, but I do keep them in felt bags to protect them, and it sure makes it easy because they are near the front door. The space is limited so it forces me to do frequent culls.
I fear what would happen if I had unlimited space... hee hee...