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i can't say yes but i can't say no too, i think it depends on the people itself
i do understand people in "high society" do wear brands, thousand and thousand dollars of dress they can wear only once in public event cause media are taking picture of them and bash them if they're caught wearing the same gown twice.
personally i mostly only buy high end labels bags like chanel, balenciaga or vuitton because the quality stand and they're like an "investment" to me.
i did bought a medium price bags between 100-200$ but most of the quality are not as good and when i;m bored with them i couldn't sell it again so they ended up as a junk whereas with labels like chanel whenever i'm bored with them i can sell them again and gain some money back to buy other stuff. you can say that yeah it's still a loss cause maybe i'll lose 200-300$ maybe even more when i sell it again, what's the difference than buying a 100$ bag but i really don't as much bags if they're 1000$ than when i just buy any 100$ bags that i like
i don't buy high end labels clothing though, maybe just once every blue moon, i prefer to buy from mass product labels like zara or topshop and vintage clothings
i can justify with 2000$ bag but i can't justify with 5000$ coat as labels do tag their clothings far more expensive than bags
so maybe yeah if i'm gonna buy designer's clothing it have to be one of their statement item or i don;t mind with obvious label on it
some simple stuff are worth to buy though, like a perfect cut simple white shirt or white t-shirt i wear a lot of times, if i can wear them so many times in so many varieties then it worth the price imo. i own this 1 great plain white helmut lang t-shirt i just love to death, i wear it so many times, i can wear it in so many different outfits and it holds so much better than my 20$ zara t-shirt
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