Honestly, when i first saw the mini Lily I thought it was ridiculous. However, I tried one on in the Bicester outlet store and seriously fell in love. I eventually bought a pale pink one in the Net a Porter sale in December - £200-ish. I absolutely LOVE it! It is just so gorgeous and, yes, ridiculous but I also find it functional. I can fit a Mulberry coin pouch, an iPhone 5 in a case, lipgloss, mirror, lip balm, keys, medication, mints - so suits me very well for a day out and about. Maybe try a Mulberry outlet store for a less expensive option?