Balenciaga clearly knows a consumer favorite when it sees one. Ikea's nearly complimentary tote has always been one of the best parts of the Ikea shopping experience, second, perhaps, only to the frozen yogurt and the Swedish meatballs. At just 99 cents, the bright blue color always pops perfectly against whatever you're wearing, it's extremely durable, and it has a Mary Poppins bag-like depth that's room enough for all of your earthly belongings, plus or minus an Ikea inventory. All those perks, and there's no physics-defying, head-scratching assembly required? A true steal.

It seems Balenciaga had thoughts of appreciation along similar lines, because the high-end fashion company has come out with a new tote of its own, and it should look awfully familiar to any purveyors of affordable Swedish wares. Called the "Arena Extra-Large Shopper Tote Bag," Balenciaga's offering shares key similarities with Ikea's "Frakta" tote. Namely, well, most everything. The two accessories share the same bright, royal blue hue, same trapezoidal shape, same wide straps, same massive size, same everything...except for a couple of big differences. Whereas Ikea's tote will run you all of a buck, Balenciaga's retails for $2,145. For good reason, though. Doing away with the recyclable polypropylene material of Ikea's bag, Balenciaga's tote is advertised as being constructed out of "blue wrinkled, glazed leather." There's also a slight stylistic differentiation, as Balenciaga's bag trades Ikea's large yellow branding over the straps for a small, gold "Balenciaga" label.

Ever the environmentally-sustainable company, Ikea is cool with its tote concept being reused. Ikea told Today, "We are deeply flattered that the Balenciaga tote bag resembles the Ikea iconic sustainable blue bag for 99 cents. Nothing beats the versatility of a great big blue bag!" Balenciaga, however, has yet to comment on the similarities.

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