Balenciaga's new $2,000 tote resembles IKEA's famous $1 blue bag

A little fashion pop quiz for you here: One of these bags costs 99 cents and the other costs $2,145. Can you spot the steal?

The expensive tote is Balenciaga's new, blue Arena tote bag. The over $2,000 dollar bag is crafted from "glazed leather."

If you like it, you can get it at Barneys. But if it's way out of your budget, you can simply pay 99 pennies at IKEA.

The store's iconic Frakta carryall looks remarkably similar.

IKEA joked that it's flattered, but we're not sure how Balenciaga feels about the comparison.

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