Fendilicious

The guest of honor at a Gramercy hotel luncheon yesterday wasn't a celebrity or socialite, but Fendi's newest must-have bag. But does the hyped "To Y
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The guest of honor at a Gramercy hotel luncheon yesterday wasn't a celebrity or socialite, but Fendi's newest must-have bag. But does the hyped "To Y
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The guest of honor at a Gramercy hotel luncheon yesterday wasn't a celebrity or socialite, but Fendi's newest must-have bag. But does the hyped "To You" tote really deserve a party chicer than one we'd throw ourselves? It does convert from handbag to clutch: yes, cool. But the bag's pattern also resembles a beach ball or parachute: not so cool. While its aesthetics are certainly debatable, it's "It" factor is doubtless - besides the Fendi seal of approval, the bag has something to make it even more popular: A five thousand dollar price tag. But if you can't get onto the wait list, try not to panic: You can just order this similar, slightly less beachy clutch from Target... it's $9.49. --NATALIE MATTHEWS