Consider, if you will, that your wife's purchase of an expensive handbag is more purposeful than you imagine. First, women's clothes tend not to have pockets, so a reliable and comfortable bag is rather more important for ladies than gentlemen. Second, your wife understands that her handbag is also a social signaling device, and understands how to communicate in a completely non-verbal medium.
Oh yes, I've come to understand that these things are very valuable to her, but it's difficult for me to imagine. She's very cheap, unless it's something she cares very much about. When she's researching those things she's a huge optimizer, and I'm the biggest satisficer you can find. I think optimizers tend to be less happy though. For her engagement ring she spent months researching (wouldn't let me do it) and finally we bought a $7k ring. When she got it she was devastated that the ring didn't make her happier than it did. The good thing is, she's learning; I think she's realizing that optimizing everything doesn't actually lead to happiness.
