Oh...I guess I skipped over the "brand new" part.
There was one on let-trade for the low $200 and lvlady99 had one for $240 and both were in excellent condition. Only thing was the vachetta patina.
Yes, be patient...$400 for that clutch is...meh!
I think the lvlady99 one was in pretty darn good condition:
eBay: Authentic Louis Vuitton Monogram Partition EXCELLENT (item 330052508518 end time Nov-28-06 00:28:07 PST)
This one is also pretty good (although seller feedback is low)
eBay: Louis Vuitton Partition Monogram (item 330054401049 end time Nov-29-06 11:59:02 PST)
And this one's pics are bad, but the bag looks good:
eBay: LOUIS VUITTON MONOGRAM PARTITION (item 150059899787 end time Nov-22-06 14:11:11 PST)
ONE MORE:
Brand new too!
So definitely...if you wait around...and keep looking I'm sure you can find one in pristine condition for less than $400! Good luck!