The Friday Party Report

Valentino and Vogue co-hosted a cocktail party to benefit New Yorkers For Children at Valentino's Madison Avenue store last night. Guests included Fabiola Beracasa and Erin Fetherston (left), Fern Mallis, Tinsley Mortimer, Valesca Guerrand-Hermès, Maggie Betts, Paul Sevigny, Bebe Neuwirth, Jennifer Creel, Selita…