Happy New Year everyone! We are finally back in the swing of things and excited to bring you the latest and greatest handbag news on the web. To start the year off right, we want to ask you what you think of this novelty clutch, is it fab or drab? YSL handbags made a hit last year with their Downtown Tote, which was spotted on the likes of Jessica Biel, Ashlee Simpson, and Salma Hayek. While many of the YSL handbags play it safe, the Yves Saint Laurent Minaudiere Satin Clutch goes out on a limb to bring a different look for a fun handbag. This box clutch is designed with refined satin and sports the YSL address print detail on the front, giving the clutch the resemblance of a letter. There is a rhinestone twist-lock closure and two open interior pockets. Dimensions are 6Â½”W x 3Â½”H x 1Â½”D and this clutch is available in both black and red. Pre-order at Saks for $1,395.