Balenciaga Releases $1,100 Shopping Bag

What could be more lavish than an "Ikea FRAKTA" look-a-like bag that comes in a glazed, blue leather with a top handle to match? Balenciaga's new calfskin shopping bag, of course, which comes in at an impressive $1,100.

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Crafted in Italy, the bag sports leather handles, a spacious interior pocket, and the brand's logo splashed across the front. Want one? Me too. But you're too late. The bag, which is sold exclusively at Balenciaga's takeover of French concept store Colette, has already garnered a waiting list. Happy waiting!