I don’t want $20 polar fleece and canvas tote
It'll be a very technical $$$ fleece with a cheap a$$ tote.
Back to the discussion at hand, I recently went to a middle school graduation at a private school with many very well heeled parents. I saw low key premium designer bags, nothing terribly showy. There were H bags but, not any B's or K's that I noticed. The grandparents though, a step up in showiness from the parents. Note, no fleece because it was too warm that day.