Gucci Chain Horsebit Hobo

Lady Peepers, mine is all leather and doesn't have that stitching, but I don't know for sure about the monogram fabric ones. I don't think that the style changes on the chain horsebit hobo, but they do bring out different colors and discontinue others each season. There are "classic" colors that they have every season that don't go on sale.
 
I am also in love with this bag. Trying to decide between it and the Chloe Heloise. They are very different bags, though. What are your thoughts? And what do you think between the black and the brown horsebit?
 
I have the large one and it does have the stitching at the bottom. If you go to the Gucci website and zoom in on the large brown one you can also see it split down the middle of the bottom only slightly since it's just a frontal view. I think they have always been like... I think just the mediums do not have it.