Accessory of the Day: #NYFW Day 5

InStyle's accessories director, Leah Karp, has an eye for spotting the hottest accessories of the season. After a day full of back-to-back New York Fashion Week shows, Karp identifies the most striking, dream-worthy accessory—one that's sure to be at the top of everyone's wishlist. Swoon!

Designer: 3.1 Phillip Lim

The Accessory: This bag is so classic and versatile. I love the mix of burgundy and black—and the wide strap is so modern.

Need some 3.1 Phillip Lim in your life right this second? Shop the designer's current shoe and handbag offerings at 31philliplim.com.

For more from Leah Karp, follow her on Instagram (@leahkarp) for of-the-moment #NYFW updates and check back here each day for the next must-see accessory of the day.