• Nearly five years after putting his New Jersey home up for sale for $30 million, Eddie Murphy has slashed $15 million off the asking price of 5-acre estate in Englewood. The 25,000-square-foot Colonial-style mansion, which features a bowling alley, theater, racquetball court, indoor pool, elevator, carriage house and recording studio, can now be yours for $14.99 million. [NYDN, Sotheby's]
• Fashion designer Adam Lippes is trying to sell his penthouse at 37 West 12th Street. According to the listing (which describes the apartment's owner as "a young rising star of NYC fashion"), the two-bedroom pad was designed by Eve-Lynn Schoenstein and David Schefer and has been featured in Elle Decor. It's currently on the market for $5.75 million. [Cityfile, Corcoran]
• More than a year after art dealer Daniel Wildenstein sold his family's mansion at 11 East 64th Street for $42.5 million, the 29-foot-wide townhouse has reportedly gone back on the market for $37 million with Carrie Chiang. [NYO]
• Michael and Amanda Salzhauer have sold their 10th floor apartment at 860 Park Avenue for $7.7 million. Michael is a principal at the real estate firm Benjamin Partners; Amanda is the daughter of Steve Roth, the billionaire chairman and CEO of Vornado Realty Trust, and his wife Daryl. [Cityfile]

The downtown Armory played host to the 37th annual Fragrance Foundation FiFi Awards last night. A big bunch of celebs and designerswere on hand as Marc Jacobs was inducted into the foundation's Hall of Fame, including fellow award winners like Diddy and Paris, as well as Queen Latifah, Aerin Lauder Zinterhofer, Dustin Hoffman and Lisa Gottsegen, Hilary Rhoda, Kendu Isaacs and Mary J. Blige, Kathy and Rick Hilton, Simon Doonan and Jonathan Adler, Harry and Laura Slatkin, John Demsey, Linda Wells, Doug Reinhardt, Tracy Reece, Nacho and Delfina Figueras, Kate Walsh, Samantha Harris, Tova and Ernest Borgnine, and Jacobs's fiancé, Lorenzo Martone. [PMc, WWD, Vogue UK, VF, NYO, Wireimage]

Cartier celebrated its 100th anniversary in New York last night with a big bash inside its Fifth Avenue store. The celeb-heavy crowd included Elton John, Kate Hudson, Jessica Biel and Justin Timberlake, Anne Hathaway, Rachel Weisz, Demi Moore, Eva Mendez, Ashley Olsen, Zac Posen, Martha Stewart, Graydon Carter, Jeff Zucker, Robbie Myers, Patti Smith, Russell Simmons and Julie Henderson, Tory Burch, Thakoon Panichgul, Erin Fetherston, Nanette Lepore, Phillip Lim, Coco Rocha, Hilary Rhoda, Daniel Boulud, Eli Weisel, Bruce Weber, Henrik Lundqvist, Ingrid Sischy, Beth Rudin DeWoody, Cornelia Guest, Susan Fales-Hill, Marjorie Gubelmann, Thora Birch, Chiara Clemente, Alexis Bryan, Dylan Lauren, Kelly Klein, and Cartier chief Frederic De Narp. [PMc, Wireimage, WWD]

Filmmaker and Transcendental Meditation enthusiast David Lynch brought Paul McCartney and Ringo Starr together for the first time in years as part of the Change Begins Within benefit at Radio City Music Hall on Saturday night. A slew of celebrity performers and guests were on hand for the occasion, including Sheryl Crow, Laura Dern, and Ben Harper (with Ringo, left), as well as Jerry Seinfeld, Yoko Ono, John McEnroe, Martin Scorsese, Howard Stern and Beth Ostrosky, Matthew Broderick, Moby, Jennifer Aniston, Desiree Gruber and Kyle MacLachlan, Isabella Rossellini, David Arquette, Michael J. Fox, Robin Quivers, Eddie Vedder, Jason Bateman, Barbara Bach, Bettye LaVette, and Mike Love. [Wireimage, Getty, VF, NYO]

The Villency Emerging Fashion Program hosted a dinner at Bobo on Wednesday night to honor Elise Overland and threeASFOUR designers Adi, Ange and Gabi. Eric Villency and wife Kimberly Guilfoyle welcomed a collection of fashion and social fixtures, including Zani Gugelmann (left), Byrdie Bell, Daniel Benedict and Andrew Saffir, Ann Dexter-Jones, Richard Johnson, Hope Atherton, Kate Schelter, Maggie Betts, Horacio Silva, Jessica Joffe, Glenn O'Brien, Ferebee Bishop, Gigi Stone, Tom Sachs, Serena Merriman, Poppy de Villeneuve, and Stephanie LaCava. [PMc, FWD, VF, GoaG]

Adrian Grenier and Jessica Stam hosted Scott Harrison's third annual Charity: Water benefit last night at the Metropolitan Pavillion. Attendees at the event included Richie Rich, Olivia Palermo, Whitney Port, Byrdie Bell, Andrew Saffir and Daniel Benedict, Rocco DiSpirito, Jenna Elfman, Emma Snowdon-Jones, Jamison Ernest, Cee-Lo, and models Larissa Bond and Masha Rudenko. [PMc, Wireimage, GoaG]

♦ Unlike the Marc Jacobs store window in LA, which is mocking Sarah Palin, Henri Bendel's display is bipartisan, with mannequins flanked by red and blue polling booths. In more other Marc news, you can add his "Rock and Roll Circus" holiday party to the list of festivites that have been cancelled due to the economic downturn. [WWD, WWD]
♦ Madison Avenue is "pockmarked" with vacant storefronts, reflecting "sky-high rents and how cautious and dollar-conscious European and American brands have become in their expansion plans." [WWD]
♦ Donna Karan is opting not to spend money shooting an ad campaign for spring '09; instead, the company will just use images from the runway show. If this is going to be a trend, models and photographers might want to consider a side job. [The Cut]

♦ Narciso Rodriguez was the man of the hour at Bergdorf Goodman last night, where he celebrated the launch of his new coffee table book with guests like Julianna Margulies (left), Jessica Alba, Linda Fargo, Reed Krakoff, Virginia Smith, Roopal Patel, Jim Gold, Isabel and Ruben Toledo, Simon Doonan, Hal Rubenstein, Jaime King, Christopher Wheeldon, Dani Stahl, Linda Wells, Mickey Boardman, Patti Scialfa, and, his dad, Narciso Rodriguez Sr. [Paper, PMc, The Daily]

♦ As we've heard, the financial crisis isn't stopping the benefit crowd from turning out, and Tuesday night's New Yorkers for Children Annual Fall Gala managed to rake in $1.85 million with the help of Mariska Hargitay, Julianne Moore, Juliana Margulies, Christine and Steve Schwarzman, Andrew Saffir and Daniel Benedict, Campion Platt, Lauren Remington Platt, Annelise Peterson, Adam Lippes, Patti LaBelle, Annie Churchill, Oscar de la Renta, Moises de la Renta, Julie Macklowe, Nancy Jarecki, Hope Atherton, Olivia Palermo, Holly Dunlap, Denise Wohl, Frederic Fekkai, John Demsey, Jeff Zucker, Gillian Hearst Simonds, Kelly Killoren Bensimon, Zac Posen, Lola Schnabel, Tory Burch and Lyor Cohen, Robert and Nanette Lepore, Isabel and Ruben Toledo, Olivia Chantecaille, Gillian and Sylvester Miniter, Julia Restoin Roitfeld (pictured), Zani Gugelmann, Peter Davis, Lydia Fenet, Bettina Zilkha, Stephanie Winston Wolkoff, Dayssi Olarte de Kanavos, Meredith Melling Burke, Muffie Potter Aston, Jamee Gregory, Heather Mnuchin, Aerin Lauder Zinterhofer, Jamie Tisch, Amanda Cutter Brooks, Marjorie Gubelmann, Poppy de Villeneuve, Jennifer Creel, Marina Rust Connor, Sylvana Soto-Ward, Jessica Joffe, Taylor Momsen, Blake Lively, Jimmy Fallon, Kevin Liles, Beyoncé and Jay-Z, Gayle King, Gilles Mendel, Maggie Betts, Topper and Tinsley Mortimer, Monet Mazur and Alex de Rakoff, Joy Bryant, Kelly Klein, Sylvana Soto-Ward, Horacio Silva, Patrick McMullan, Fabiola Beracasa, and Angel Sanchez. [The Daily, Park Ave Peerage, PMc]

1) At the New York premiere of spy thriller Traitor at the Regal Union Square last night, the film's stars Don Cheadle, Guy Pearce, Said Taghmaoui, and Mozhan Marno walked the red carpet along with director Jeffrey Nachmanoff, Busta Rhymes, Jesse Williams, Estelle, Aubrey O'Day, and Nicole Miller. [NYO/Wireimage]

A former creative director at Oscar de la Renta, rising fashion star Lippes founded his preppy contemporary sportswear company adam + eve, now known as ADAM, in 2004.