Of note, if you haven't yet, you can sign up for the Tory Burch newsletter to receive a unique coupon for 10% off. (Scroll to the bottom of the page, and enter your email address in the bottom right corner; you'll be sent a code within 24 hours of signing up with a new email address, although most arrive within an hour.) That would drop the price of this handbag to $267.75 plus $10 for shipping.
Update: Coupon code "SUMMER" cuts it to $238. A shipping charge of $10 still applies.