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Great thread!
I spent £1120 on a Spy a couple of years ago after obsessing about it for months(you'll all know the feeling - 'my life will end unless this bag is mine') and really regretted it. Not the cost -the fact that, when I finally got round to using it, gosh I loathed that bag.Too big, too much of a pain to get in and out of....*sigh*. Big, huge expensive mistake.
BUT. Its made me think very carefully about what I spend my cash on now - I know which brands work for me and I only ever pay cash. So I'd say my limit is around £800 - £950....can't bring myself to hand over any more than that.