It was $330, so not exactly super expensive, but I understand that different people have different standards when it comes to that.
I like the fact that it's not dark, as I've owned/own dark leather jackets, and I actually prefer the lighter colour. It adds a touch of lightness to any outfit, a much needed way of brightening a depressingly grey day.
It'll look bad ass in the snow (think spec ops with all white outfits), but it's also suitable for a nice spring or fall day, where it's sunny but still cold. The warmth of the jacket is perfect for the UK climate, and I can pretty much wear it year round if I wanted to. I suppose it's more of a niche item in climates with more extreme temperature swings.
Light leather jackets are awesome - and not just because they're more seasonal than dark, they look great in colder weather too with dark denim and a scarf. Are they more versatile than black leather? Def not. But by that standard, we'd have pretty small and depressing closets.
Indeed, if I was looking for the most versatile items I'd only buy casual navy blazers, light blue OCBDs and grey trousers. Pieces like this are what make clothing fun, and it's a perfect way of rounding out a versatile wardrobe, adding some personality to it.
My at the time girlfriend bought me a tie for our first Christmas together. Needless to say, I married her.