Marc Jacobs Respects Your Crumbling Net Worth

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To keep from appearing too “ostentatious” during the recession, designer and playboy Marc Jacobs not only canceled his Fashion Week afterparty, but will also trim his runway show’s guestlist from 2,000 to 700 invitees. You can blame the economy, or an excellent stab at making his runway show even more exclusive. [Fashionologie]