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Wow, Rharris - $3800!!! I believe it, though I didn't know prices had climbed quite THAT high. I know their canvas totes are pricey...I just can't believe I found this velvet bag (with brown leather-lined pockets and handles!) for such a low price.What a beautiful bag!!! I love Etro too. I could buy every piece they create. Neimans has some awesome Etro bags for spring that cost around $3800. You are smart to get a head start on the brand before it takes off in the purse department!