The classics still seem to be staple at the moment. Chloe and Mulberry continue to lead in the popularity stakes, though Cavalli has released some nice pieces which sometimes come across as ostentatious.
For those in the know it's Derek Lam, but if you want a status bag other know it's still the Muse bag or if you can somehow manage an Hermes bag...but Balenciaga still works and Chanel is always classy.
We have a mulberry bag at work on sale for $400 US