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For bon vivants, Thursday night of fashion week always features the one-two punch of the Calvin Klein and Zac Posen after parties. Francisco Costa took over the Waverly Inn for a postshow dinner that drew the likes of Natalia Vodianova, Michael Stipe, Helena Christensen, Anouck Lepère, Camilla Al Fayed, Rachel Zoe, Astrid Muñoz, Craig McDean, Barry Schwartz and a cabal of editors. Costa was still on a high from his back-to-back shows that afternoon, even though the first one had a small hiccup when a model lost her shoe. “The second one was much better,” he laughed. “Things went much smoother and were much less manic. Next time, I’ll have the editors come to the later one.”

Schwartz, who’d made his first appearance at a Calvin Klein show since he and Klein sold the company, was looking to milk the day for all it was worth. “I figured I may as well get a meal out of it, too,” he joked.

After the hundred or so dinner guests supped on the restaurant’s already-signature rocket salad and hearty steaks or salty salmon, the American set left in typical New York fashion — 10 minutes after the desserts were served. The klatch of European journos, seated in “Siberia,” the back garden room, lingered on, however. Costa, along with Vodianova and Elizabeth Saltzman Walker and IMG honcho Chuck Bennett, repaired to the Rose Bar at the Gramercy Park Hotel, where Justin Portman, like any good monied Euro, was found swilling Stolichnaya straight from the bottle.

Uptown, Zac Posen’s after party was held in a cavernous space on the ground floor and lower level of the Dream Hotel, where the designer was surrounded by Rachel Bilson, Alexandra Richards, Annabel Dexter-Jones, Mirabelle Marden and Melissa Bent.

Cassie, the R&B crooner, made a quick pit stop before heading off to perform a late-night gig. “The last time I went to fashion week, I was 15 and I was walking in shows,” she said. But she doesn’t exactly miss it: “I love being a singer.” Posen seemed relieved to get a chance to unwind — even if he was exhausted. “I think I slept an hour and a half last night,” he said, with a little roll of the eyes.

This story first appeared in the February 12, 2007 issue of WWD.  Subscribe Today.

Fashion week fetes aside, it was in Los Angeles for Donatella Versace that the real elite came out. Of course, it wouldn’t be a Versace event without an army of tanned Adonis attendants, cocktails and sexy dresses slit to there, and Thursday night’s Walk of Style party boasted an embarrassment of riches. The fashion house is all about glamazons, and the cordoned-off VIP area in the enormous clear tent was a Gianni-era flashback at its best: Naomi Campbell, Cindy Crawford, Elton John, Jennifer Lopez, Demi Moore and Prince showered Donatella with hugs and kisses. “Bella!” gushed Lopez as she threw her arms up to embrace the designer. “I am so happy, so happy,” she murmured in reply.

Though Tatiana Patitz and Amber Valletta upped the model quotient, there were some younger starlets in the crowd: Drew Barrymore, Christina Ricci and Mischa Barton all came out to lend their support. “Oh, my God, I’m having, like, an Eighties supermodel moment!” gasped an awestruck Barton.

The crowd seemed content to sip Oronoco V cocktails and gawk at the spectacle. “It’s like watching animals in a cage,” said one guest. At least they were well-dressed wild things, prowling to a great soundtrack (courtesy of Samantha Ronson): from Penélope Cruz’s chiffon train (“Excuse me, the dress,” she pleaded to those who continually trod over it) to Prince and Kanye West’s bling-covered ears to flashes of well-toned gams at every turn. Things made a turn for the dramatic when Sharon Stone took the stage to auction off a Lamborghini to benefit the Elton John AIDS Foundation, giving the lucky bloke who won it for half a million dollars a kiss on the cheek. But money can’t buy everything: Paris Hilton and Brandon Davis weren’t permitted past the velvet ropes; they gazed longingly at the white hot epicenter from raised banquettes on the side.

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