I don't think the ink will come out. At least it is on the inside. If I really wanted this bag and it was going to bother me, I would buy some of that Wood 'n Stuff Leather Refinisher and use it just on the inside.Love a satchel ! I buy other styles of vintage of bags just to look at lol! I'm going to be patient and try to find a wine coloured one like yours. It's gorgeous.
Interesting that the seller ended the auction and relisted starting at $9.99. If anyone's considering bidding, the ink may come out with rubbing alcohol and some light scrubbing, or at least fade quite a bit.
http://www.ebay.com.au/itm/380801380126?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649