There's absolutely nuance. I think it's like you say, the mindset. If you purchase something because you want something that's "nicer than everyone else's", you'll be unhappy. You're inherently fighting a losing battle. Not only that but a petty battle.

If you instead, similar to how you describe, invest in something that you want to hold onto for a long time, that's a much better proposition. I have one expensive pair of boots. But I love them. I've had them for years. I treat the leather and polish them fairly frequently. I get them resoled. I expect they'll last me the rest of my life. Couldn't be happier with the purchase.