Frugal Find - How Much Would YOU Spend On the Perfect Purse?

I discovered DHGate.com while shopping for my wedding (favors/decor/etc.), and have purchased other random things (including Christmas gifts) ever since. The only down-side to ordering from DHGate is the shipping time, but it's totally worth the wait!

Today I have discovered this awesome little newspaper print purse UNDER $20 (FREE SHIPPING!):

Compared to these USED versions (below) found on Ebay of designer John Galliano's handbags, I believe we can officially say the DHGate bag is quite the frugal find.  Granted, I'm certain the DHGate bag is not as high quality and probably won't last as long as the designer's, but it's a trend and trends are fleeting, so why pay more than $20 for it?

 

$261 inc. shipping USED on Ebay (Above)

 

$467 inc. shipping USED on Ebay (Above)

Who knows what the Galliano bags cost brand new if they are this expensive used?!  I could buy a new wardrobe from H&M for the price of this one bag... literally.  

I was watching "Buying for Billionaires" on E! last night and could not believe this lady in Beverly Hills would spend $120k on one crocodile skin, hot pink purse... speechless.  And that wasn't even the worst part, she spent who knows how much to have some guy "bedazzle" it with black diamonds... seriously.  What the hell?!

What is the MOST you have spent on a purse and WHY?  

What is your limit?