I accidentally posted this comment first over in the Second Hand Bargain thread. I couldn't figure out how to delete it so I hope it's ok to post the same thing in both places...
I have a good news bad news situation and was wondering if anyone can help. So the good news is that I found this amazing red city bag for $7.50!!!! I'm so excited because I don't have any red bags and this one is such a great size for me. The bad news is that someone seems to have attacked it with ink.

What's with old
Coach bags and ink by the way???? Given the cheap price I bought it anyway and plan to do my best rehabbing it. Obviously, the ink won't come out all the way so I am planning to touch it up with red paint.
I was wondering if anyone has touched up this type of bag before. I have experience painting the corners of a black bag and a brown bag. In both cases, the end results were amazing. Red seems a little more difficult so I thought I'd come to the experts!
What kind of paint did you use? Is acrylic glossy the correct paint? If by some miracle anyone happens to know a specific brand or color that would be a good starting point, I would be grateful.
Thanks!