Now heavily discounted by 40 per cent, the bag is currently going for USD 10,139, the Daily Mail reported.
The bag, which was originally from the pre-fall collection, is a patchwork of different, unspecified furs. The straps and trim are black calf skin and slate alligator, with a silver toggle at the drawstring opening.
While it was enthusiastically feted by celebrity stylist Rachel Zoe when it was launched, animal rights campaign group PETA was furious.
Though USD 16,900 may sound like an inconceivable figure for a handbag, the fur backpack is not even close to being the most expensive in their collection.
The label also offers a USD 39,000 crocodile backpack, which is apparently a best seller.