This really puts perspective into what happens when you slap a brand name onto something. A bag that looks like it came straight from Ikea has just received a high-fashion upgrade by Balenciaga.

The bag itself is made from glazed leather with hints of gold costs a whopping $2,145 – a far stretch when you compare it to a similar looking product that costs 99 cents.

An Ikea spokesperson today sounded quite happy stating: “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!”

People have been wondering if the more expensive is just as good; considering that IKEA’s blue bag can hold nearly 50 liters of water with ease.

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