Way back when, I had a purse by The Sak. It was back when I was but a wee child and they made only the woven bags that made them famous, and I thought it was the most luxurious thing in the world. I eventually added a smaller, black version to my collection and thought of it as somewhat of an evening bag, even though a child of my age really had nowhere to carry such things.
I have since moved on with my handbag life, and it appears as though The Sak has done the same with it’s Convertible Satchel. Given the extremely reasonable price point, this bag is particularly well-tailored and sophisticated looking; it has a bit of slouch to it for a satchel, but not too much by any stretch of the imagination. It also neatly combines its second handle option by tucking the shoulder strap under the bag, hiding it until it’s necessary and then using the extra material at the ends to turn it into something of a proper-looking hobo. Look how far they’ve come. Buy through Nordstrom for $199.