I have these saddlebags bought by Leatherup.com
They're by XElement, and are described as "waterproof leather saddlebags"
Although they have proved to be waterproof, they are not "waterproof leather", rather rubber with leather glued on top.
Does the job, but in my part of the woods "waterproof leather" means, "leather made waterproof", not "rubber with leather glued on top".
They go hand in hand with this tool bag
which, again, is...
... you guessed it...
"waterproof leather"...
Still, they lookl nice and get the job done.
In style
And, at $125 for the three of them + s&h, it ain't so bad after all...