£550 ($700) to spend on a bag what would you go for?

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I would buy a preloved Burberry or Tods tote. The reason is $700 is a little too much for a contemporary bag but it's not enough for a full price designer bag. Burberry and Tods are pretty cheap on the preloved market and you should be able to find a full leather tote for around that price in like new condition on yoogis or fashionphile. I won't spend more than $300 on a contemporary bag.
 
Mansur Gavriel Large Bucket Bag for $595 and you'd have money left over for dinner and a new wallet or pretty new accessories for inside. The quality is impeccable. The shape is classic and clean and goes with work or play clothes. It is on-trend (celebrities carry it) but isn't trendy. Best of all, because the collection sells out regularly, you may even be able to re-sell it when you are ready to move on.
 
I'm assuming you're in the UK-Coach has a 20% off offer on their new bags right now, save the 1941 collection; people would argue about how much to spend on contemporary brands, but I feel the quality for these are often no worse than premier designers. Worth a look!
 
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I think laurel dasso leathers on etsy is absolutely a steal. She could make you a custom bag with a mix of all your favorite features in any amazing leather you can think of, even ostrich, under your budget!
 
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