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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. More »
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