Botkier purses usually run a lot more than under $400. This, of course, is when we’re talking about actual bags, not clutches. I’m not sure what they were thinking when they chose the price point on this handbag, but whatever it is, we’re thankful. Botkier’s Lita hobo retails for $395 at saks.com, and it boasts all of the great qualities that Botkier is known for. Made of soft Italian leather, the hobo bag slouches perfectly for casual outings with friends. The black color works year round, and the patent trim helps the bag go more places than the grocery store.