Ah, the handbag. Second only to shoes in fashion statements for women. I grok the yen for the status-bag, even though I don't necessarily share it.
I hate to say it but my wife has a MK bag and she gets tons of compliments on it. What I find odd is some people can see the MK logo yet they claim they never heard of the brand before. The one nice thing about it is that she was able to get it at a huge discount, which I think is the only way should would buy it.