Like a depressing microcosm of the problems afflicting the world at large, Miami Art Basel was a shadow of its former wild and ostentatious self and has drawn to a close, leaving debt, hangovers, and photos of Pamela Anderson's ass in its wake. Despite elaborate prevarication from certain onlookers, the combination of thinner crowds, a subdued mood, and desperate discounts left no one in any doubt that the art bubble has truly burst.
♦ Following reports in July that Tory Burch was offering a 30 percent stake in her hugely successful womenswear and accessories label, she now says that the company is not for sale. Also, she says the economy has had an impact on her designs: "I don't think women want to be over-the-top anymore. They want something that's chic and elegant, but not such a big statement." [WWD]
♦ If you've noticed slightly fewer giraffe-like teens with unplaceable accents on the streets of Manhattan, it's because in a sobering indicator of just how bad things are, Elite has slashed 60 models from its roster. [Fashionista]
First it was young, elegant Carine Roitfeld, making Vogue publishing look slightly effortless and more-than-a-little spunky from her perch in Paris. Then there was Franco Sozzani, reminding everyone with her all-black issue that Italian Vogue "has gained a reputation for being more about art and ideas than commerce." Now, fashion blogger Bryanboy reminds us, Aliona Doletskaya is the latest editor of a baby Vogue to arguably upstage American editor Anna Wintour, having reached her 10th anniversary at the healm of the fashion title's Russian edition. "Month after month after month, she offers original content, she uses models for her covers and her editorials are very bold, strong and in your face," Bryanboy writes. Well, sure, but there's also the fact that she can fly helicopters! Also: In 10 years, she sees herself flying across continents on an airplane. Considered that fair warning, Anna. Click the video icon for excerpts of Russia Today's half-hour profile. [Byranboy]