What an individual qualifies as “expensive” or “inexpensive” varies from person to person. How much money is too much money to pay for something depends on a wide variety of factors. When it comes to purchasing luxury goods and handbags specifically, every person’s perception of a fair price for a particular piece will be different. With the luxury goods industry’s ever-increasing prices, consumers are almost always forced to spend more than what they would have been willing to spend a few years or even just a year ago.
Objectivity and Handbag Prices
And when it comes to objectivity, it can be hard for those of us in the industry to name a fair price, as the “sticker shock,” as they say, wears off when you’ve been doing this for as long as I’ve been. I honestly have no idea what a non-bias, reasonable price for a handbag might be. Not only have I been working in the luxury space for almost my entire career in fashion, but I’ve loved and collected handbags for most of my life.
Despite all of the aforementioned, even I can acknowledge that the prices of handbags have become a little insane. Gone are the days when we could offer you a nice roundup of picks $1,000 and under spanning many luxury brands. These days, you have to be willing to drop well into the four-figure mark if you’re looking for a decent-sized bag from a luxury house, which is a massive change from when I started working at PurseBlog six years ago. Times really have changed!
What’s Your Price Ceiling?
At this stage of my collecting journey, the most I’ve spent on a bag has been around $3,000 *insert monkey covering eyes emoji here*, and it’s not that I wouldn’t be willing to spend more; it’s that right now budgeting for a bag that costs more than my rent (on top of a rising cost of living) is simply not possible. It should come as no surprise that the value of owning a good handbag matters more to me than most people on earth, and I’m lucky that a bag at such a high price level is even an, albeit rare, option for me.
With price increases happening left and right, what you’re willing to pay has likely changed greatly. Most shoppers do have an ideal upper limit in their heads, and we want to know what yours is. Has it changed recently, and are there any extenuating circumstances that you could see yourself breaking it for if you really loved a bag?