No way. I already have my black Saba from the Bond St store in the UK and I know what I paid and no one would sell a Saba for this price. Even if they posted real pictures, I wouldn't bid. The price is too good to be true given the supply is not meeting the demand (at least in my area).
My guess is the actual bag the winner is getting is going to look something like this one:
http://cgi.ebay.com/WHITE-OVERSIZE-LEATHER-LIKE-RING-HANDBAG-PURSE-BAG-HOBO_W0QQitemZ320213248523QQihZ011QQcategoryZ63852QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Oh gosh! Awful :s.. And the name they gave the bag.. sad.. very sad. Leather-like-ring bag... And what an insult to the African Inspired Rings the real Saba has.. grrr...