LIPMAN’S VANITY PROJECT: Advertising and creative guru David Lipman may have another gig lined up: Vanity Fair. Lipman, whose ad agency shuttered in late September, has been in talks with Vanity Fair’s editor in chief Graydon Carter over helping with the covers for the magazine, WWD has learned.

“We had a meeting,” confirmed Lipman, who is continuing to work with Lord & Taylor and also has added Saks Fifth Avenue, both now owned by Richard Baker’s Hudson’s Bay Co. Inc. “I was at Vanity Fair [Wednesday]. I had great fun. We talked concepts. It felt like being back at work again.”

This story first appeared in the November 8, 2013 issue of WWD. Subscribe Today.

According to Lipman, whose most recent work included Stuart Weitzman’s fall campaign featuring Kate Moss, Carter contacted him when “news of my company hit.”

“We had lunch at the Monkey Bar soon after,” he said, explaining that Carter, whom he called his “long-time friend,” asked if he would be interested in working on the magazine’s covers.

“There’s no contract yet and no masthead news,” Lipman emphasized. “We are talking covers and letting everything happen organically.”

Carter is said to have been less-than-happy with some of the title’s covers recently, according to sources. When asked it that was part of the reason for his recruitment, Lipman diplomatically replied: “No matter who you are in the world, if you are some sort of creative type, work is never finished. Once you’re complacent in life, it’s over.”

Carter took a more relaxed view. “I’ve regularly called on David for advice,” he said. “And recently we decided to set up a regular monthly meeting to talk covers and portfolios with some of my staff.”

As for the office space for his defunct advertising agency, it has been assigned to R.N’ovate Inc., which does business as Clover Canyon.

According to bankruptcy court records, the assignment was approved on Wednesday.

Court documents indicate that Clover Canyon is paying the bankrupt estate $200,000 for the leased space at 408 West 14 Street in Manhattan — $150,000 for the premises and an additional $50,000 to acquire the contents of the second, third and fourth floors, inclusive of furniture, fixtures and nonleased equipment. The space, under the terms of the Lipman lease, had a base monthly rental charge of $63,000. Lipman had a security deposit of $103,450, which will be applied to existing default charges under the lease. There’s another $62,542 that the Chapter 7 trustee will pay to the landlord cure the balance owed.

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