I got away for years wearing a rather cheap all leather 'hunting' style sporran I got off ebay with my formal wear, no one seemed to notice. There is not really a rule that one has to have a fuzzy sporran for dress.

And a couple years ago I traded up to this nice inexpensive fur number from Jerry at Stillwater; http://stores.channeladvisor.com/Sti...ress%20Sporran for much less than the 150 bucks you mention. I think they have white and black too.