What to Handbag: Smythson Nancy Clutch

Smythson used to be one of those starchy establishments where aristocrats bought thoughtful gifts for each other like small leather goods. But since "hip" has invaded every institution--from Target to Tiffany, Smythson seems to be entering the 21st century with this classic but quirky collection of Nancy clutch bags. Unfortunately at $790 you'll still need an aristocrat to buy it for you.