The bag, below, described as a 'veritable Niagara of really expensive dangly things on a combat patterned green leather body with a white leather top and strappy buckly thingies probably made out of solid gold', retails for $54,000.
Have you seen this bag?
It was stolen last night at 11:34pm by a group described by police as a hardened ruthless gang specialized in stealing really camp fashion accessories.
The backpacker wearing the bag was described as tan, fit, healthy looking, extremely rich and pissed off.
There is a $250 reward for information leading to its recovery.
Breaking News: theVoiceofReason.com received the following ransom demand at 16:51 GMT today:
"Send $20,000 in used bills by 11 o'clock tonight or a tassel is cut. We will cut another tassel on the hour until the ransom is received."