Balenciaga

Balenciaga Creates a $2145 Version of IKEA’s $1 Tote Bag

image credit: Photo courtesy of Balenciaga

Mixing high-end/low-end style isn’t exactly a new concept in the fashion world, but Balenciaga has taken the aesthetic to new—and slightly ludicrous—heights: As CNN reports, the French luxury brand has designed a blue tote bag that’s drawing comparisons to IKEA’s famously inexpensive and durable 99-cent shopping bag. Their version costs $2145.

It’s unclear whether or not Balenciaga actually drew sartorial inspiration from the popular Swedish furniture retailer, but the resemblance between their “Arena” tote and IKEA’s utilitarian “Frakta” carryall is unmistakable: Both bags are oversized, crinkly, and bright blue, with both…