Dana Thomas' Deluxe: How Luxury Lost Its Luster hit the New York Times bestseller list in its first week out (it'll show up in Sunday's print edition). Is the Gawker Book Club the new Oprah? Yes. Yes it is.

Our final except from "Deluxe," Newsweek culture and fashion writer Dana Thomas' look at how the luxury market went mass market, finds Thomas on a visit to the headquarters of Prada, where she interviews a reluctant Miuccia Prada. "Deluxe," published by The Penguin Press, arrives August 16th.

We are loving "Deluxe," the book about how the luxury market went mass market by Dana Thomas, Newsweek's culture and fashion writer in Paris. Today's excerpt concerns the counterfeit market, from the suburban housewives who sell the goods to their friends at purse parties to the gangs of New York who actually move the merchandise. Obligatory pimping: "Deluxe," published by The Penguin Press, arrives August 16th.

In "Deluxe," Dana Thomas, Newsweek's culture and fashion writer in Paris, writes about how the luxury market went mass market. In this little excerpt, she looks at the swelling and obsessive handbag market—and takes a trip to an Hermes workshop. (By the way, the book is blurbed by both Fareed Zakaria and Richard Johnson! Crazy.) "Deluxe," published by The Penguin Press, arrives August 16th.