For many, there's a difference if they're spending their own money. And I get that. $200 for a special dinner . . . Some would do the same. Others might spend twice as much. Some would feel uncomfortable though. But if it's a gift given by a loved one, you know they can afford it, and it's something you know you'd enjoy; then why not.
I'm into watches as well as lights. I'd love it if I got a Bremont Solo as a gift from a certain someone. Love the clean look of that watch and the tastefully artistic look of the case. But at over $4,000 for a watch with a common ETA movement inside, from a company that has only been around since 2002 (started putting out watches in 2007); I'd never spend my own money on one. That's enough for a vintage Rolex in, not mint, but good condition. Plus, it would hold its value better than a Bremont. Still, if I got a Solo from that certain someone whom I know can easily afford it and doesn't expect a huge favor in return; I'd happily wear it every day. My own money? . . . I can get a Mido Multifort with a somewhat similar dial set-up, a slightly lesser grade of the very same exact ETA movement, and at $800 instead of $4,000. Plus, while it's tough getting any discount on the Bremont, there's plenty of wiggle room on the Mido. So realistically quite a bit less than $800.
When it's your own money, it's understandable to draw limits. But when it's a gift, knowing it's from a loved one and won't cause them a financial burden, then I don't get it. Best to say "Thank You," take the gift, and enjoy the heck out of it!