Never seen this Coach bag before. Real?

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Is it real?
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Looks similar to a style I've seen- and I love everything about it except for the giant Coach logo. Geez, they need to get over the logo-a-gogo thing. Isn't the hangtag enough?
 
Yeah, that's the beaded suede gallery tote. It looks real, too. This one was purchased at an outlet, not sure if you can still find these in outlets, though. I do see them a lot on eBay.