Newsboy Bag: Splurge or Save?

My obsession with newsboy bags, as noted here, is nothing new, and these bags from Aldo and Proenza Schouler heighten my obsession in a profound, deeply spiritual way.

Question is, Splurge or Save? (I kind of want both.)

Synthetic snakeskin 'Harvley' bag in cognac, $45 at Aldo

Proenza Schouler PS1 brown leather bag, $1,595 at Proenza Schouler

What do you think? $1,600 for couture, or $45 for faux?