This is the $2,145 Arena Extra-Large Shopper Tote Bag from French fashion house Balenciaga. It was designed to resemble a big blue 'FRAKTA' IKEA bag and is "constructed of blue wrinkled, glazed leather" to really give it that crinkly IKEA bag feel. It costs $2,145, or exactly 2,166.66 (repeating of course) times what its inspiration costs (99¢). Obviously, the only thing it's missing is being stuffed with my dirty whites to haul to the laundromat.
Keep going for a shot of a regular IKEA bag for reference.
Thanks to c, who agrees the best bag ever made is a classic JanSport backpack.