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What's wrong with the red leather Apple one?

I'm specifically talking about the leather loop—the magnetic one. The problems are:
  • It doesn't come in 38mm at all.
  • It doesn't come in read (at least not currently).
The classic buckle is $150 which... is pretty much more than I am ever going to pay for a watch band.

Even their red sport band is almost orange. Red bands are apparently not fashionable at Apple. The "leather" bands I have picked up from third-party providers are mediocre at best.
 
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