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Is $1,500 for a bag too much?

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My neighbour recently bought a Gucci bag for about 1.500 dollar. (onethousand fivehundred). I would never spent that much money on a bag-The most expensive bag I have was 150 dollars, and I got it from my grandparents for my birthday. I don't think you have to spend that much money on a bag, there are so many bags out there that are almost as nice or even nicer then a "real Gucci bag". And most importantly, they are cheaper! I'm not saying you have to carry around bags from Walmart all the time, but I think you CAN go over the top sometime.