I'm not keen on fabric bags, I always think they look cheap. So that's what I'd think initially.
Once I'd spotted the tag, I'd think "She's got more money than sense, that bag looks like something you could pick up in Matalan but it must have cost at least £300".
Still, what do I know. I've been using the same Radley bag practically every day for 10 years, I swear the thing's indestructible.