Is this a good deal?

I disagree. I read this earlier in the outlet thread in coach-shopping:

Disney16 wrote
"I went last weekend. I was able to get two leather ergo hobos (black and brown) for $87 each. I also got the brown matching ergo slim wallet for $79. It was well worth the trip.."

Check it out. I wonder if there was some sort of deal that weekend... You could ask.
 
This is the same bag I got in whiskey at my TJ Maxx for $79.99. But if you don't have a TJ or an outlet, I think this is a fair price. And the black one is gorgeous. FYI, it is a pretty small bag and I doubt it will fit on your shoulder.