More than 1,200 people descended on Skylight Studios on Wednesday night for the Whitney's annual Art Party. Sponsored by BCBG Max Azria, the designer (left, with co-host Camilla Belle) and wife Lubov welcomed the likes of Lake Bell, Lydia Hearst, Gretchen Mol, Hilary Rhoda, Calvin Klein, Jason Wu, Tinsley Mortimer, Genevieve Jones, Fabiola Beracasa, Ali Larter, Lindsay Price, Stacey Bendet, Olivia Palermo, Meredith Melling Burke, Alexis Bryan Morgan, Ivanka Trump, Byrdie Bell, Bradley Cooper, Alexis Bledel, Selita Ebanks, Hana Soukupova, Claire Bernard, Amber Tamblyn, Adam Lippes, Alexandra Richards, Anne Slowey, Lydia Fenet, Roopal Patel, Gilles Mendel, Lela Rose, Brooklyn Decker, Zani Gugelmann, Allison Aston, Esteban Cortazar, Jessica Joffee, at least two members of the Willis clan (Tallulah and Scout), and the man who runs the show at Whitney, Adam Weinberg. [PMc, Wireimage, FWD, WWD, VF, Style.com, ArtInfo]

A recap of the shows, parties, and gossip you've missed at Fashion Week thus far after the jump.

• The Max Azria dress that Angelina Jolie wore to the SAG Awards? She wore it backwards. [NYM]
• Marc Jacobs is slashing the guest list for his Feb. 16th show. [WWD]
• Target has a temporary McQueen shop planned for next month. [Racked]
• The backstory on why Fabien Baron was pushed out at Interview. [WWD]
• Jane Mayle's store isn't closing; it will be around through April. [Pipeline]
• Two brands doing well despite the recession: H&M and Mango. [WWD]
• Aretha Franklin's inauguration hat is Smithsonian-bound. [SW]

• Giorgio Armani is moving ahead with his massive Fifth Avenue flagship, which he says will open on February 18th: "New York needs glamour. It needs size. This store is an act of faith toward the Americans and Fifth Avenue shoppers." [Racked]
• Alice Temperley is the latest designer to announce she's skipping a Fashion Week runway show. [WSJ]
• Tommy Hilfiger, however, is moving to the tents this year, and Max Azria says his three shows will go ahead as planned. [WWD, WSJ]
• Pamela Anderson is the newest model for Vivienne Westwood. [R29]
• Agy Deyn appears in a new, T-sponsored movie. [Fashionista]
• Donna Karan has cancelled her Christmas party. [WWD]
• What it's like to shop at Bergdorf as the wife of a Russian gazillionaire. [NYT]