I am going to buy myself a pair of nice flats with some of my bonus money. In my head, that meant about $75, but I keep looking at the Frye flats, and the leather just looks so nice, but I can't convince myself they are worth the money since I've never paid over $50 for flats. Thoughts from Frye owners?

These are the ones I'm eyeing: http://www.zappos.com/frye-regina-ballet-grey

Bonus points if you have a favorite pair of leather/leather-looking flats under $100