Because, to be honest, the climate for logo bags has changed, as has the climate for anything obviously expensive, since the first incarnation of this bag came out. Since then, the US (and much of the world) economy has imploded, millions are out of jobs, and many have seen their retirements shrink to nearly nothing.
So…why in the world do I still like this bag? Because I do. A lot. Even though I hate logo bags in general, and have for quite some time, I still have a small place in my heart for Gucci’s signature fabric. And I still think this bag is well-designed, despite the logos. The lines are simple, it’s functional, but it still has a bit of subtle chicness to it. Plus it’s a bag from a major designer for under a grand. Not too bad, even if it’s not really a recession must-have. Buy through Saks for $850.