Lehman Chic
Partners & Spade, the latest venture by Andy Spade, opened a new outpost on Great Jones Street last night. The shop, which is only open on weekends and sells objects from $10 to $80,000, doesn't sell any "products," though. Spade prefers to calls the items on display "installations." And what is the most popular "installation," according to Spade? "A collection of Lehman Brothers–branded merchandise ranging from an infant onesie to a golf-ball set, all procured on eBay." This white Lehman-branded baseball cap is priced at $80. Sure, you could buy the same exact cap on eBay directly for one-eighth the price. But it wouldn't have Spade's seal of approval, would it? [Vanity Fair]