This is a new Magnolia script logo burlap tote bag from Fixer Upper stars Chip Gaines and Joanna Gaines' Magnolia Market in Waco, Texas. The bag still has the original tags, which list a retail price of $38.00. Thanks to rising inflation, the price for the bag is currently $48 on the Magnolia Market website. 

Here is the description of the bag from the site:

"Make errands fun again with our Magnolia Script Market Tote. Featuring soft leather handles, a spill-proof inner lining, and a sturdy burlap construction—this tote is ready to take on the day with you, whatever it holds. Even better, each of these totes is handcrafted in Bangladesh by women who receive Fair Trade-certified wages, annual profit dividends, and a retirement fund through Apolis, a certified B corporation. "