Anyone who’s opened a high-end fashion magazine in the recent past knows, those types of publications are focused on aesthetics to the near-complete exclusion of practical concerns. Style.com may be known as a website first and a magazine second (check out the print edition, though, it’s pretty fun), but it still follows that same fashion mag edict – form first, function second, if at all.

Yesterday I had the pleasure to tour the newly renovated Salvatore Ferragamo flagship store on Fifth Avenue prior to its official unveiling earlier today. Crafty workers were still busy putting finishing touches on the new decor to have it perfectly presentable for the next morning, but all chaotic last minute touches aside, it was easy to see that the redesign was worthy of a true Fifth Ave flagship.

There is always a heavy dose of absurdity in the world of designer luxury goods. We are talking about materialistic accessories, and what $1,000 is to one person, $1,000,000 is to the next. If you are one of the few people in this world who finds $11,000,000 to be a suitable price tag for the perfect laptop sleeve, then I have quite the treat for you.

Sure, we’ve all joked about snatching a gorgeous, outrageously expensive handbag and running for the hills, but who among us would actually steal something that wasn’t ours? Whether it’s your sense of morality or merely your pragmatic fear of being caught and imprisoned that keeps you from swiping handbags doesn’t really matter; the point is, handbags that cost as much as a car just don’t go missing that often, particularly from stores that employ large, suit-wearing guards who will tackle you into traffic in the middle of the Upper East Side.

The Council of Fashion Designers of America is a great organization – not only does it nurture young American design talent through grants and other programs, but it unites the American fashion industry behind the cause of fabulousness. Every year, the CFDA comes together to honor the creme de la creme américain, and it reserves one CFDA Award in particular for excellence in accessories.

An ad from one of Target’s previous designer collaborations

The fashion industry is always finding new ways to surprise, delight and confuse me (sometimes all at the same time, which might be the case today), but yesterday’s news from Women’s Wear Daily that Target, the suburban bastion of cheap leggings and toilet paper that we all know and love, would soon be moving into the high-end boutique business caught me particularly off guard.

Images via Target

These are the images we’ve been waiting to see for what seems like years (but has actually only been months) – the Jason Wu x Target lookbook is here! And for once, at long last, the handbags that have resulted from this collection aren’t utter crap. Leave it to Mr. Wu to finally do right by the accessories lovers in the audience.

Image via Gawker

We know that Louis Vuitton is willing to sue anyone and everyone in order to make sure that its logo or name isn’t used in any ways of which it doesn’t approve; after all, the company sued Hyundai last year over the brief appearance of a monogrammed basketball in one of its commercials. The ball didn’t even have an “LV” on it, but that didn’t stop Vuitton from filing a trademark infringement complaint against the Korean carmaker.

Image via Heritage Auctions

If you were to ask any handbag lover what the most expensive handbag to ever sell at auction was, I’m pretty sure that we’d all guess the same thing: an Hermes Crocodile Birkin with White Gold & Diamond Hardware. It just makes sense; not only are Hermes bags (and Birkins in particular) notorious for holding their value and doing well at resale, but a crocodile Birkin with diamond-encrusted hardware is one of the most elusive and expensive collector’s items in the world.

We have some very exciting new to share on this Friday afternoon! Start at the beginning of next month, you’ll now be able to put your American Express away and use your Visa or MasterCard in Neiman Marcus retail store. If you, like me, have ever felt the slight burn of shame when it comes time to pay for a purchase and you realize that you don’t have your AmEx on you that day, this will surely be good news.

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