Jules, that's bizarre! This tote is currently listed at $380 on the American BR site. Nice choice, if someone could explain what's going on with the pricing?!
Sal, you've got it exactly. Loewe vibes, but more affordable. Have you tried MZ Wallace for a winter tote? I quite like them. More interesting than Le Pliage, and they hold up to the elements.
merwoman, I am not a knitter, but think that looks wonderful: please post picks if you make it!