I'd presume it's bovine in origin, and corrected grain. Corrected grain refers to a process by which low-quality hides are sanded to erase imperfections and a plastic or vinyl coat is applied to recreate the surface. The result is a piece that doesn't breathe, looks cheap, and ages extremely poorly. I'd suggest almost anything over buying a pair of corrected grain leather shoes.
1/27/14 at 1:39am