Balenciaga Is Back With a $1,100 Tote Made to Look Like a Paper Bag

Remember how Balenciaga was selling that bag that looked an awful lot like Ikea shopping bags for the extremely reasonable price of $2,000? Well, it seems the high-end company has created another product that looks like your run-of-the-mill shopping bag, but at an exorbitant price.

This is the $1,100 Balencia bag. (Image via Konbini)

And this is the regular paper Balencia bag, which does not cost $1,100. (Image via Konbini)

Looks like the paper version, right? That's because it's modeled after it, which costs less than a dollar. This "fancy" version, according to Konbini, is made of 100 percent calfskin, has handles made of Nappa leather, and features a double-zip fastener and silver metal hardware.

The item was part of the Balenciaga Men Fall/Winter 17 collection, and has already sold out at the low, low price of $1,100.

The world of fashion is confusing, to say the least. And right now, we're honestly not sure if Balenciaga is just making an expensive joke. Either way, it's working. It also shows that people will spend top dollar for something seemingly simple.