Heck No! I would never say any Chanel is underpriced. I think all of the prices are absolutely ridiculous, but for some twisted reason I can somehow justifiy spending that kind of money on a designer handbag. I tell myself it's because of the quality, the beauty, the name, the fact that most are hand-made, etc, and I actually believe it. But I could never convince myself that they are underpriced.
I think it's also sad that when I saw the price of the Diamond Stitch, I thought "Wow, that's a great price!" How can anything over $1,500, or even $1,000 for that matter, ever be a 'great price'. And to boot, when I spent $2,100 on my Luxury Bowler, I thought it was worth every penny. I never even felt one ounce of guilt, even though I know that money could have been more wisely spent, say on such things as RENT or maybe CAR PAYMENTS!