I have 1st generation oxblood as well. That's what stopped me from getting this one during SAS. I couldn't stop thinking about it so when it popped up at Bloomingdales I jumped. I'm thinking I may sell my 1st generation. Newer one matches my wardrobe better but I love the lock and key and the textured leather on handles/straps of my first one.Great find! I love this bag, if I didn't have the first generation oxblood I would have gotten this one when it was available.