by Emily Holt
Photo: (clockwise from top left) Mario Testino (Proenza Schouler); Sebastian Kim (Alexander Wang); Marcio Madeira/firstVIEW (Marc Jacobs); Mario Testino (Lady Gaga); Norman Jean Roy (Eddie Borgo)
Congratulations to the CFDA Award nominees and honorees, named last night at Diane von Furstenberg’s studio in New York. We’re happy to see so many young designers on the list, especially Prabal Gurung, Eddie Borgo, Proenza Schouler, and Alexander Wang, who were part of the CFDA/Vogue Fashion Fund—not to mention great fashion stalwarts such as The Daily Telegraph’s Hilary Alexander and photographer Arthur Elgort, who will receive the recognition they so duly deserve. As for Lady Gaga, this year’s Fashion Icon, we wait with bated breath for whatever fantastic contraption she’ll choose to wear on the red carpet. How do you top a pod?
EXCLUSIVE VIDEO: Inside the Fashion Fund Awards
Last night in New York, the winners of the 2010 CFDA/Vogue Fashion Fund were announced, with Billy Reid taking home top prize and Prabal Gurung and Eddie Borgo being named as runners-up. The cocktails and dinner—which were presided over by Karl Lagerfeld and Carey Mulligan—drew out a glittering crowd, and Vogue.com was there to capture every moment—plus exclusive interviews with all the Fashion Fund finalists.
Winners’ Circle: Billy Reid, Karl Lagerfeld, Prabal Gurung, Eddie Borgo
Photographed by David X. Prutting
When Billy Reid, the Alabama-based fashion designer who is taking home the CFDA/Vogue Fashion Fund’s top prize tonight, was asked on his way into the awards dinner held in New York City this evening what he thought of his chances, he offered up a humble response: “I have to say—and I mean it—I am just so excited to be here at all.” What? No butterflies? “Oh,” he laughed as his wife smiled at him, “there are definitely some butterflies.” The prestigious prize, now in its seventh year, was established by Vogue and the Council of Fashion Designers of America to mentor emerging American design talent, and it awards the winner this year with not only $300,000 for his business, but a one-year mentorship with a leading industry professional to help provide a sustainable path to success. The two runners-up—a distinction that went to jewelry designer Eddie Borgo and fashion designer Prabal Gurung—will receive $100,000 and mentorship. Those in the winners’ circle were also presented with specially commissioned bronze awards created by Rachel Feinstein.
The dinner—which was presided over by key speakers Karl Lagerfeld and Carey Mulligan—drew the likes of Alexa Chung, Mary Kate and Ashley Olsen, Anna Paquin, Christina Ricci, Leighton Meester, Chanel Iman, a legion of designers like Diane von Furstenberg, Tory Burch, Carolina Herrera, and last year’s Fashion Fund winner, Sophie Theallet. The lovely Karlie Kloss, caught up in all the excitement of the night, debated briefly about heading off to the after-party to celebrate Reid’s big win, but then thought better of it. “I can’t,” she said, laughing. “I have to work tomorrow!”