The most I have spent is $350 on a Kenneth Cole handbag when on holiday in Dubai a couple of years ago - I saw it in the shop, walked past it a couple of times and then just had to have it. I love it tho and am so pleased with my purchase. I would spend up to $500 unless of course I had a HUGE disposable income then I suppose money is no limit.

But in answer to your question, I think that amount sounds reasonable.