When the New York post cleverly dubbed the "Tribute" a "High Fashion Frankenbag" - they were tapping into a vein of increasing headscratching & outrage at the escalation of prices and commensurate decrease in design quality in the market for ritzy bags.
Many fashionistas no long blink an eye at increasingly common $1,500+ (!) pricetags, but charging more than $40,000 for something that resembles a child's afternoon spent cutting up old LV bags & piecing them back together just because - well that seems almost like a deliberate thumb in the eye of loyal customers. Apparently the bag was designed by a team of LV execs and Creative Director, Marc Jacobs...who recently went back into rehab (again), meaning the "Tribute" was designed pre-rehab...which could go a long way to explaining things.