Wow - this is the lowest price I have seen for this bag! Head over to 6PM.com where you can pick up this MICHAEL Michael Kors Bedford Belted Shoulder Bag for only $140 (reg $298) + free shipping! I LOVE this color too because you can wear it with brown, black, or gray. This same bag is on sale for $258 over at Amazon. You can also find it in black too, but I'm not sure about the size since it appears to be the same bag (and same price), but the sizing picture is different and there are no measurements listed. Here are a few more of my favorite MK deals:
MICHAEL Michael Kors Morgan Medium Messenger $80 (reg $178) + free shipping!
MICHAEL Michael Kors Elana Large Shoulder Bag $180 (reg $378) + free shipping!
MICHAEL Michael Kors Jet Set Medium Tote $180 (reg $298)