More than 1,200 people descended on Skylight Studios on Wednesday night for the Whitney's annual Art Party. Sponsored by BCBG Max Azria, the designer (left, with co-host Camilla Belle) and wife Lubov welcomed the likes of Lake Bell, Lydia Hearst, Gretchen Mol, Hilary Rhoda, Calvin Klein, Jason Wu, Tinsley Mortimer, Genevieve Jones, Fabiola Beracasa, Ali Larter, Lindsay Price, Stacey Bendet, Olivia Palermo, Meredith Melling Burke, Alexis Bryan Morgan, Ivanka Trump, Byrdie Bell, Bradley Cooper, Alexis Bledel, Selita Ebanks, Hana Soukupova, Claire Bernard, Amber Tamblyn, Adam Lippes, Alexandra Richards, Anne Slowey, Lydia Fenet, Roopal Patel, Gilles Mendel, Lela Rose, Brooklyn Decker, Zani Gugelmann, Allison Aston, Esteban Cortazar, Jessica Joffee, at least two members of the Willis clan (Tallulah and Scout), and the man who runs the show at Whitney, Adam Weinberg. [PMc, Wireimage, FWD, WWD, VF, Style.com, ArtInfo]More
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The Circuit
The Friday Party Report
The Circuit
The Friday Party Report
Alternate Theories
The Financial Crisis and the Socialites Who Started It All

We've done it! We've figured out just what set into motion the financial crisis that has led to billions in losses, demolished two investment banks (so far), and led to tens of thousands of lost jobs. It all goes back to Friday, March 7th when sleazy club owner Simon Hammerstein, headband-wearing scenester Arden Wohl, gay party boy Derek Blasberg, heiress Amanda Hearst, and gala staple Claire Bernard turned up at the New York Stock Exchange to ring the closing bell. Clearly, their mere presence at the exchange unleashed some sort of vicious curse on the markets. Don't believe us? Below you'll find a chart that shows the price of Lehman Brothers since that fateful Friday—or "Black Friday" as the day will henceforth be known—and you'll have all the proof you need that this visit was what doomed the storied firm. More










