Based on my spotty, non-researched, hearsay-based understanding (how's that for a weasel disclaimer?), even before Bal bags hit it big with the moto line of bags, Balenciaga subsisted for some years on licenses to a few producers around the world. Main one was in Spain. They made more modestly priced bags for a very long time, until the moto bags hit it big and really raised the profile of Bal bags.You know more than I then, I really don't know anything about that line.
17 years ago when I first started collecting, these licensed bags could easily be had for $10-$75 a pop. They stayed low priced for a while. Only in my resumed active Bal collecting last year did I notice that these licensed bags had skyrocketed in price. I'm guessing riding the success of the Bal brand generally. They frequently have a cloth label, with the double B logo (which real Balenciaga seems to have recently coopted as well, lol). They don't have the same Balenciaga leather tags, and don't say that they're made in Italy. If they're made in Italy, I would think they're from the real Balenciaga. If made in Spain or some other place, I think they're made by a licensee.