I'm sooo not in the market, and even at 1/10th the price I'd find it expensive, but still: it's not fair to call that Balenciaga bag an "IKEA shopping bag".
It's made in Italy, from actual leather, with fabric lining, a zip pocket and keyring lanyard.
That's a lot of features that are all way nicer than what FRAKTA brings, of course. It's obviously still a luxury product, but leather isn't cheap like polypropylene.
Nothing to do with the leather - everyone has nice leather now, even Chinese no-brand brands you get for $80 on Amazon. "Balenciaga" means almost all the price is in the name - not only is it designer, but there's a hierarchy of designers in which it's far from the bottom; to pick another name off the top, this'll make anyone with a Coach bag turn green, even if it's a lot closer to the top of that line than this is to this. Also, blue leather's tough to pull off in general, and you have to be both confident and daring to even try it. So it makes you the one to beat stylewise, and makes that hard to do, both at the same time.
It's made in Italy, from actual leather, with fabric lining, a zip pocket and keyring lanyard.
That's a lot of features that are all way nicer than what FRAKTA brings, of course. It's obviously still a luxury product, but leather isn't cheap like polypropylene.