No, bags go on sale often enough that it doesn't really make sense to drop this much coin on a bag. I bought a Verbero duffel for 24 bucks. It's pretty well built minus a few things that aren't significant issues for something that I bought for that cheap.
If I had to buy one at full price, I'd just buy a pro player bag with some skate pockets only because I don't want them banging around when I toss my bag.
PR, CB, even Mammoth all make a decent bag, but do you really need that? Just toss everything in and go.
When I first started out it seemed appealing, but then I started realizing I don't want to spend time putting everything back in its place and I just want to go do the next thing.
None of them are really any better than the 99 bucks bags you can get or even a JRZ player bag that's a bit over 50 bucks.