ELIE HITS HAMPTONS: Elie Tahari has found another place in the Hamptons to hang his company’s name. The designer has bought the landmark building One Main Street at the corner of Main Street and Newtown Lane in East Hampton, N.Y. The 7,000-square-foot space will house a Elie Tahari boutique as of spring 2007. In addition to the Elie Tahari collection, the store will sell the recently launched men’s collection and accessories. “The Hamptons has always been a second home to my family, we are thrilled to open another Elie Tahari boutique at such a historical location in the heart of East Hampton,” Tahari said. It has not yet been determined what will become of the company’s existing store just up the road at 48 Main Street.

VALENTINO AND VIENNA: The European Young Fashion Summit 2006, held in Vienna on Tuesday, had a special guest of honor this year: Valentino, who traveled to the Austrian capital to attend the event, which displays the work of 25 designers from 25 different European countries. Valentino met with the designers on Tuesday morning, then got to sample their work at an evening fashion show, which was held in conjunction with a performance of Mozart’s “The Magic Flute.” “I’m convinced that today, more than ever, in order to work at the highest level, it is essential to have an open vision: one that is international and collaborative,” Valentino said. “I also hope that Italy will promote fashion with this philosophy in mind, creating great opportunities for young people and for their future.”

PICTURE PERFECT: Along with the expected works by the likes of Chuck Close, Ross Bleckner and Kiki Smith, next week’s Emporio Armani and Vanity Fair-sponsored Free Arts NYC Annual Art + Photography Auction will include some “fantasy lots.” Two tickets to the Victoria’s Secret Fashion show in L.A., seven nights at Betsey Johnson‘s Mexican villa and an autographed bass guitar by Sting will all be on offer. And while a steamy signed photo of Gisele Bündchen by Russell James, courtesy of Victoria’s Secret, might not appeal to honorary chairs Mary-Kate and Ashley Olsen, there will surely be hordes of avid fans placing their bids.

This story first appeared in the May 18, 2006 issue of WWD. Subscribe Today.

SHOUT OUTS: Shawn “Jay-Z” Carter and MSN hosted a dinner last Thursday for fashion editors and stylists at the newly opened Mr. Chow Tribeca to celebrate the Rocawear and S.Carter/RBK fall collections. Carter was accompanied by his girlfriend, Beyoncé Knowles, and Kansas City Chiefs running back Larry Johnson, who just wrapped up his appearance in the fall Rocawear campaign in Aspen, Colo., in April. Also on hand was the 23-year-old soul singer Chrisette Michele, who recently was signed to Carter’s Def Jam record label. Her album will be released in October. Carter, in an effort to create an open, communal atmosphere between the two tables of editors and stylists, asked everyone to stand up and introduce themselves. Celebrity stylist June Ambrose took the opportunity to do a little self-promoting, declaring that her book, “Effortless Style,” will hit shelves this October. In it, Ambrose gives up her trade tricks to achieving iconic style.

FELICITATIONS: Fashion publicist Tracy Paul had expected to fete her company’s anniversary Tuesday night with an intimate party for friends and editors at Public in NoLIta, but what she got was a celebrity surprise. Actress Felicity Huffman showed up with Paul’s friend, stylist Linda Medvane, in time to pick up a Bric’s bag full of $7,000 worth of swag including James Jeans and a Tejani necklace. No word on whether or not she shared her loot with co-stars Eva Longoria and Marcia Cross, with whom she dined later that evening at Strip House.