Thanks everyone for your support. I woke up today and was still bummed. I called Artbag in NY, they sounded somewhat positive about it, but no estimate until they have the bag in hand.
Looking at it this morning, I think it is worn. I can't believe just hanging on a chair over a course of a dinner would do it to this bag. I'm just glad that it was on the backside than the front.
Here are some pics, but as you can see, it is pretty bad. The close up isn't as clear because of the darn flash. This b-bag is turning out to cost a pretty penny!