People whose job it is to shill luxury brands are flipping the fuck out right about now. According to Guy Trebay's panicky piece in yesterday's New York Times, everything, everything is on sale. Barneys New York had a "designer freak-out sale." Saks dumped Prada wallets — usually kept under glass — into bargain-basement… » 12/04/08 2:40pm 12/04/08 2:40pm

• Karl Lagerfeld has commissioned 15 contemporary artists to create works inspired by his iconic quilted Chanel bag for a two-year touring exhibit. Kind of interesting how iconic handbags are like the Virgin Mary of now. Maybe in twenty years people will be seeing Hermes Birkin bags in their grilled cheese sandwiches…