Over the past few years, a new handbag market has emerged. It’s not exactly contemporary, but it’s more attainable and casual than premiere designer, and it’s probably most accurately referred to as “premium contemporary.” It offers the same sophisticated finish that comes with much pricier bags, and pioneering premium contemporary brands like Alexander Wang and 3.1 Phillip Lim have found a market flush with consumers looking for a particular mix of style and ubstance.