Always wanted a designer purse or shoes? Now's your chance to get them for less than 50 bucks!

Target's hit a double whammy with two of the most fabulous designer collections of shoes and bags for just a fraction of their regular price. Handbag designer Anya Hindmarch (remember her famous 'I'm Not a Plastic Bag' bag that was flying off the shelves??) and shoe guru Sigerson Morrison's collections will hit Target stores and Target.com nationwide on October 12. Ohhh, yeah.

The bags, usually priced at $500 and up, will feature patent clutches, handbags and shoulder bags between $20 and $50 (we got a peek and they're GORG!) Sigerson will introduce a line of booties, pumps and flats -- priced around $30 (his flats are typically priced at $425 and booties go $700). Seriously, this is super exciting, check out some of the looks below:

Click thumbnails on right to enlarge photo.