Marc by Marc Jacobs "Q 49 Franny Tote"

As elegant as it is essential, this roomy leather tote with a golden signature plaque converts to a shoulder style when you wish.
Double top handles, 6" drop, adjustable, detachable shoulder strap, 14"-16½ drop, magnetic closure, one inside zip pocket and two inside open pockets, print cotton lining
size : 20"W X 14"H X 4"D
currently retails for $498.00
seen at www.saksfifthavenue.com