Fashion Blogger Announces That "It" Bags Are (Finally) Dead

On November 1 of last year New York Times fashion writer Eric Wilson put forth the bold headline: "Is This It for the It Bag?". Today, Los Angeles Times fashion blogger Monica Corcoran responds with the following: "The It Bag Is Dead. Designers Mourn." Well there you have it! Wrote Wilson back in November: "There is too much inventory. Prices are absurdly high... Status handbags, you see, are a lot like housing. After the rise of the $1,000 purse, fashion's equivalent of the $1 million studio, there inevitably comes talk of a backlash." (In the new issue of Harper's Bazaar, Bottega Veneta designer Tomas Maier rails against the very idea of such bags, calling them "bullshit".) But in her piece today, Corcoran suggests that the death of the It Bag has less to do with economics and more to do with celebrity, i.e., that the way we consume paparazzi images of women more famous more for forgetting to wear underwear could be impacting the status of the objects they carry that we are supposed to aspire to.

The Muse [the It Bag created by Yves Saint Laurent]...was the Palme d'Or among accessory addicts. Like a slain stag slung across the roof of a pickup truck, the Muse signified that a woman had bagged the right bag. Lindsay Lohan, Paris Hilton and other starlets reserved the cozy crooks of their arms for the popular purse. These days, life pales for the Muse...[T]he YSL handbag was last seen...priced at 20% off. Much like the popular pretty girl who always dies first in a horror film, the "it" bag was a victim of its own ambition.
So really, when you think about it, the It Bag was both killed by Lindsay Lohan and is a metaphor for Lohan herself! Meta.

The it Bag Is Dead. Designers Mourn. [All the Rage]
Related: Is This It for the It Bag? [New York Times]