Hot Bag or Not?

Fall/Winter 2014 Akris Al Medium Cervocalf Bag $1,670. What do you think? This handbag have 3 different looks.

Click here to purchase from AKRIS site.

Cervo structured nappa leather
graphite colored hardware
tote with shoulder straps
3 convertible looks: rectangular shopper, pure trapezoid tote or signature tote with turnlock, zip, clamp and cell phone pocket, detachable zip pouch
Lining: 100% cotton
Material: 100% calf leather
Color: mocca⁄taiga
51x32x14 CM