Bagging it?

I recently read an article in the New York Times that looked at whether the status handbag is dead. I quote:

Status handbags, you see, are a lot like housing. After the rise of the $1,000 purse, fashion’s equivalent of the $1 million studio, there inevitably comes talk of a backlash. Are we now living in a handbag bubble?

You can read the entire article here.

I really like my red leather Ameribag -- it's a good utility and common sense kind of purse. It's not inexpensive -- but also not Prada prices. (Not that there's anything wrong with Prada, but I just don't live a Prada price kind of life. If I'm ever going to blow a mortgage payment on a fashion accessory, it's going to involve a transAtlantic flight, a nice hotel and a key ring from a little shop called Hermes.)

I have a handbag poll at right. Go ahead -- be honest. :-)

HANDBAG TRIVIA: Ameribag has its origin in the Hudson Valley (Woodstock/Kingston areas) -- and there's a local tie to Coach bags too -- anyone want to guess?