I love the colour, I like red coats and still have a one bought in Munich for about £60, around 10 years ago.
But even-though Im on the short side as well, I feel its a little too short in both body and sleeve length for a winter coat, and really dont like the buttons at all think they cheapen the look. Love the funnel neck though, its the same as what I have on my red one (and a DKNY black and white coat) really like that style on coats.
But for the price Im surprised at the material composition, price is irrelevant if you like it and can afford it, its your money but I think its overpriced. If we all liked the same things it would be very boring....
Why no go and try it on an see how you feel in it?