I know I'm in the minority here, but I'd never spend that amount on a handbag, designer or not. All I need is a straightforward bag in which to carry my essentials and I'm not bothered whether it's a recognised designer one or not. And to be honest, I'd never heard of Lulu Guiness until I encountered her on QVC. The most I've ever spent on a bag is when I bought a Kipling Fairfax and it's my every day bag and has been for months. Up until then I sported a £10 leather bag, which is still going strong.
Still ........ it'd be a boring world if we all liked the same things.