I actually saw this bag IRL and its really soft and nice. I cant comment on its price though as I thought it is ridiculous as well. I have the prada gaufre and I really think they are two different bag. The prada is more structured and sharpey is more casual. I like the feel of the sharpey's leather more than the gaufre. But I think the gaufre is a better design.
I walked away from these bags because of price after seeing and loving one small quilted version at the trunk show. Then I saw the smooth tote with the grommets yesterday and totally loved it and brought it home. Lots of people seem to hate the line, but for me it is a perfect size, very light, gorgeous soft leather, and a little edgy or different. I would probably also love the quilted version in the same size, with the different chain "threading" and no grommets, but I wanted a break from quilted for one bag. I love my gauffre tote, too, but they are totally different. I think the photos don't do it justice, but no doubt it isn't for everyone.