The store and the designer's online store said they are sold out of the Vasari sack, which consists of coated paper with brown stitching along the seams and a pair of metal eyelets near the base, the New York Daily News reported Friday.
The designer also markets a black leather version of the bag for $630.
Mildred Fabian, regional director of the design house, said she does not believe the prices for the items are too high.
"You have to get a collector's piece," she said.
Swim Week Miami Beach 2014 [PHOTOS]