My pair of these arrived today from Grapevinehill, along with GVH's very nice shoe trees. Â They are indeed cordovan leather - - a gorgeous color. Â They have a longish vamp (definitely not short and dainty), which I like, and the stitching around the vamp is more elegant than in a typical loafer (rather than being separate pieces of leather joined together, it is one piece with decorative stitching. Â The fit is extremely good too. They seem more like 3-season shoes as, along with the thick cordovan leather, they have double soles - - thicker than is typical for this style of shoe I think. Â The only things I can see that would give any reason for being priced at $41 are a few scuffs, one of which is more noticeable than the others and might be reason for someone to complain had he paid $550 for them. Â None of the scuffs is of concern to me though. Â They will merely add to the patina if they don't entirely buff out. Edit: I must add though, after wearing them for most of this afternoon, I find that when I just took them off and put back on my Vass "Old English" lace-ups, my feet were put back in la-la land. These Vass are just so amazingly comfortable (even though this is only the 3rd or 4th time I've worn them).