I've got a black/red Fieldsheer leather jacket that was purchased in 1984. To this day it still looks about like new, but I do treat it with leather oil once a year. Still, all the zippers are intact, all the snaps are intact, no rips, tears, anything.
I however, find it hard to believe their quality will be as good nowadays as it was back then. The worlds moving on, and in that respect, you pay more-for-less.