article_snippet: The research was compiled by shopping website Lyst, who cater for three million high end customers with more than 9,000 brands like Balenciaga, Alexander Wang and Burberry on Alexander Wang and Burberry books.
article_snippet: Britain's wealthy women are now spending an average of £248.96 on a designer handbag .
article_snippet: And since 2008, new brands have now started to dominate the luxury market like Michael Kors, whose handbags and watches are now a go-to for semi-affordable luxury.
article_snippet: The introduction of brands like this has pushed up the average price of a handbag among Britain's wealthy shoppers.
article_snippet: The average value spent on a handbag by these shoppers currently sits at £248.96, with US brands Michael Kors, Tory Burch and Marc by Marc Jacobs inspiring most purchases.