Yes your eyes are seeing correctly I bought a Michael Kors bag. This was the only bag I paid full price for, but at $270USD it was worth it considering you would pay at least double that here in Australia. As you can see it is a saddle bag, in a glossy back leather. The interior has one large section, with and inside pocket. There is an outside slit pocket as well which is useful o keep your phone in. I am yet to leather protect it though so this baby it staying in its dust bag for now.