Yeah, I've been wondering about that too. I've seen multiple listings for this exact Rockstud wristlet bag (in different colors) recently. All are shipping from Romania, where, I agree with Marina230, real Valentino should be more expensive. Makes me especially suspicious when I see that the counterfeiters have come up with replica bags. All you have to do is google "Valentino Rockstud clutch". See here: http://www.ioffer.com/i/valentino-rockstud-leather-clutch-bag-504633596 This style of bag seems especially easy to fake. But the eBay listing has a serial number tag, so I don't know.