Katie Holmes has accessible fall style in the bag.

When the actress, 45, stepped out on Friday, October 10, in New York, she wore a stealthy-chic carrier that already has a cult following. The “It bag” in question is the Deliberate XL from Dune London, an accessories label focused on affordable luxury goods and “go big or go home totes.”

The sizable proportions of the Deliberate XL seem tailor-made for Holmes. She will no doubt be reaching for her new roomy bag to carry her belongings during daily trips to the Barrymore Theater in New York, where she’s currently starring in the hit revival Broadway play, Our Town (marking her first return to the stage in over 20 years and she’s already receiving rave reviews).

Hand-woven and rendered in a rich terracotta hue, the bag has every indication of being an investment piece, but Holmes is proof that expensive-looking can also be extremely affordable.

After all, Holmes has a penchant for knowing that good style can also come at a great price.

This fall, she’s been seen in wallet-friendly wardrobe staples, from a monogrammed Land’s End canvas bag to a butter-yellow Banana Republic wool peacoat and a matching turtleneck, that even when paired with jeans from the brand, exuded “rich mom” vibes minus the big budget.

The common thread between them is a perfect balance of impeccable craftsmanship and an approachable price point. In addition to the price and undeniable quality, Holmes is known for fashion finds that transcend fleeting trends to be worn over and over again for years to come.

It’s no wonder then that the hugely popular Deliberate XL was deemed high-street’s most in-demand “It bag” of the season with a cult following eager to get their hands on the carryall. Marrying fashion with function, the tote can easily fit a laptop as well as a change of clothes.

Holmes worked the bag’s slouchy-cool feel into the rest of her outfit, sporting baggy, swaggy jeans with a grandpa-style cardigan sweater and a relaxed button-down shirt left untucked for added ease. Classic Ray-Ban ban sunglasses in tortoiseshell complemented her look, and came at an equally cool price. A pair of shiny patent-leather ankle booties with an edgy buckle detail grounded her outfit with a lustrous yet-low-fi finish.

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