Clothing is almost completely irrational, just like any adornment.
However, it's something almost everyone enjoys, spending money on things they don't need.
The whole point of cost to benefit is silly when your already dealing with emotions and groupthink.
The value is in the eye of the beholder.
My eye values those canvas over leather and washed cordovan boots
If I already had my basics down, I would blow my cash wad on a pair of those.
They are about right with bespoke shoes, price wise.