Mmm, well that's a difficult question, it is worth what someone will pay for it and that depends whether you want to buy it for yourself or to sell on. If it is the latter then, the starting bid is slightly too high in my opinion, although not by much, but I don't know the US Mulberry market, so I can only comment on the UK and European one. If I had bought this bag to sell, I would be expecting to realise about 200-225 UK pounds for it, maybe a bit more on a good day, which would equate to about $380-$425, so I would need to be buying it at some way less than the prices on that listing. This is purely based on the bag not being particularly popular sellers. If it didn't have the tassels and stitching, it would be worth more in the same coconut colour.