It is a very high quality inkjet print. Nothing more. Essentially exactly the
same thing as an iris print. At framing marked they told us Giclee means "to
Iris prints allow artists who make and sell reproductions do so without as
large an up-front inventment. They can be produced as the demand requires, so
the artists or publishers don't get saddled with thousands of dollars in
unsold inventory in "prints".
They are expensive to produce, and therefore the price is passed on.
Except for artists who produce their work on the computer itself, it is no
more an original than any other publishing media.