How much is too much to spend on a handbag?

I was attending a ladies only networking meeting last week and towards the end, one of the ladies got up to leave.  She reached for her handbag, which was like a black giraffe pattern, and this attracted some admiring comments.  "I love it!  My Mum thinks it's ridiculous that I spent over £100 on a bag but I use it all the time and I think it was worth it".  Given that I have a bit of an expensive handbag addiction, I thought £100 wasn't very much and I did wonder how much is too much to spend on a handbag you use everyday.

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