They had a white First on Ann's Fabulous Finds. It needs ALOT of love, but they are only asking $395 for it. Here's a link:
White First / Balenciaga / Designer Accessories / AFF - Ann's Fabulous Finds
I'm sure a talented leather restorer could help fix it up.
Otherwise, I'm not really sure what to tell you. There's no way that you could get an authentic one for that low of a price without there being some serious wear.
