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Perhaps someone removed the bales to "authenticate" a fake? I know once I see a good pic of the proper bales I just assume a bag is authentic. Very scary.
I just did my morning troll on ebay, I found this listing. And I remembered this thread.
The bag seems authentic. But has a long sewn stap like OP's one. I think somebody screwed up with NM.
http://cgi.ebay.com/Balenciaga-Blac...tem&pt=US_CSA_WH_Handbags&hash=item563c23d623