Marc Jacobs, who attended opening festivities for the 50th Venice Biennale last week, wasn’t only interested in the art. He also was marveling at all the counterfeit Louis Vuitton handbags his collaboration with Japanese artist Takashi Murakami has unleashed. “The variety of knockoffs was beyond astounding,” he said, describing all manner of convincing and far-fetched copies, including bags made of transparent vinyl printed with cherry blossoms. “I was just blown away. Of course, there are some [Murakami bags] in the window of the Louis Vuitton shop in Venice. Not that there were necessarily any available for sale.” Indeed, not only are there waiting lists for the coveted bags, Jacobs was even alerted to one cunning ploy: a woman auctioning off her spot on a Murakami waiting list on eBay.

ISAAC TARGETS L.A.: Isaac Mizrahi, who’s been busy since announcing his Target line in February, was in Los Angeles over the weekend to promote the collection, which hits stores in August, and to emcee the closing night of the L.A. Film Festival at the Wadsworth Theater, sponsored by Target. “Wait until you see the stuff, you are going to freak out,” he gushed. “It looks just like everything you’ve always wanted and it costs, like, $9.99.” Actually, there are suede skirts for $40, denim blazers and corduroy dresses for $25 and tank tops for, yes, $9.99. “And the shoes are unbelievable — handbags too,” he continued. “It’s all women’s stuff so far, but stick around, because I have big plans.” And even though Los Angeles was in the throes of its own June gloom, Mizrahi was all smiles, “because New York is like a deluge. This is, by contrast, fantastic.”

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