Let's see....
I have my wallet in my purse (contains DL, credit cards, cash, health insurance cards, chl, etc)
I have some reading glasses in there, sunglasses, yes tampons, chapstick, lipstick, work badge, pens, phone and a bunch of receipts that I need to clean out.
My purse cost $800. I don't mind paying that because a higher end purse is going to last a long time and will look almost brand new the whole time you have it, plus there IS resale value.
Is it a decoration? I see it as more of a high end accessory. Something that competes my look.