Sometimes I find it challenging to get through an issue of Vanity Fair, with its overuse of the word "legendary" and its snobbiness. But I enjoy the back-page Proust Questionnaire, and VF is guessing the rest of the world does too. It just released a compilation of the monthly magazine's department -- which has been in VF since 1993 -- in a hardcover book, Vanity Fair's Proust Questionnaire: 101 Luminaries Ponder Love, Death, Happiness, and the Meaning of Life (Rodale Books, October 2009).

Edited by VF editor Graydon Carter with illustrations by Risko, who illustrates the department each issue, the 224-page book sells for $23.99.

Read Carter's take on his new book, and learn that neither Proust nor VF invented the questionnaire, in VF's November 2009 issue's Society section. And be sure to take the questionnaire yourself.

Last year, Vanity Fair's "New Establishment" list was hefty with art market players. This year, the magazine noted that the Wall Street folks and "big media" got their asses handed to them ... but a quick look shows that the arts got slammed, as well.

In 2008, the entire Francis Bacon supply chain showed up on the list. Bacon-inspired Damien Hirst (shown at right) filled the production link, with dealer Larry Gagosian moving Hirst's product and Roman Abramovich buying up not the Bacon-inspired but the works of the master himself. And, they wound up in some hefty positions. Hirst hit #31, with Gagosian close behind at #38. Of course, deep pockets win, which is how ol' Roman pierced the top 10 (at #8).

This year? Well, the Francis Bacon supply chain didn't fair as well. Abramovich was ignored completely, along with Gagosian. Hirst was tossed into the "Pit Stop," where he's joined by shark-loving hedge fund manager and art collector Steve Cohen, who sacrificed $750 million of his own wealth to the financial crisis.

While Cohen keeps the comings and goings of SAC Capital Advisors under wraps, we do know that Hirst had to layoff 20 employees. There's a silver lining, though. With Hirst having to do more of his own work, we probably won't have to see as much of it.

Last summer we reported that Mick Jagger's beautiful daughter Georgia May Jagger was embarking on a modeling career, following in the fashionable footsteps of the rocker's other daughters, Jade and Elizabeth. Now the 17-year-old Georgia May, whose mother is Texan stunner Jerry Hall, has landed a sexy ad campaign for Hudson Jeans (above) evoking Brigitte Bardot. Georgia May, who has one year of school left and lives with her mother in London, tells the October issue of Vanity Fair that modeling is just a temporary gig for her while she tries to break into art, design and photography. With her genes that shouldn't be too hard. As for her sexy poses, she tells the mag that daddy Mick "doesn't hate it at all."

For the first time ever, Vanity Fair is inviting civilians to nominate their favorite candidates for the International Best-Dressed List. Since its launch by fashion queen Eleanor Lambert in 1940, the List has been determined by an anonymous committee of tastemakers and a roster of influential voters (including yours truly for a few of the more recent years). Socialites and stars vie for a coveted position on the List.

Vanity Fair took over the list (and the voting process) in 2003 following Lambert's death. For 2009, the polling's going democratic in a "spirit of Obama-era transparency." You can vote for candidates for both best-dressed women and men on the magazine's website - Carla Bruni (right), Lydia Hearst, David Beckham and Kanye West among them - or write in your own choices. Winners will be announced in the mag's September issue.

The June issue of Vanity Fair takes a look at 38 young, sexy heirs and heiresses around the world and tries to convince us that they're "making privilege count." The story, titled Fortune's Children, notes that "At a moment when the economy is teetering and populism is all the rage, today's gilded youth have got their work cut out for them, and they know it. Whether it's expanding the family business or striking out independently, launching a career in the arts or plunging into philanthropy, the 38 heirs and heiresses to fabled names and consequential fortunes in this portfolio seem determined to make a contribution to society at large while carving out identities of their own." Pictured above are Joséphine and Alexandre De La Baume, the half-Swiss, half-French - and more than likely halfwit but more than halfway attractive - children of Baron and Baronne de La Baume, of investment banking fame.

Sad but true: the recession has hit the upcoming Cannes Film Festival in the South of France next month, an international symbol of glamorous excess. Cutbacks are being made everywhere, from ritzy parties to the type of food being served, the AFP tells us. For starters, Vanity Fair has canceled its annual star-studded party, the social highlight of the festival, while the VIP nightclub Jimmy'z lost two key sponsors, Fendi and Swarovski, and Louis Vuitton said it would skip AmFar's big-ticket AIDS charity fundraiser.

"We're experiencing an unprecedented world crisis and it's also affecting the Riviera and Cannes," says Michel Chevillon, head of Cannes' hotel association. "Companies are sending fewer people, for shorter periods." 70% of the area's hotels have frozen their room rates compared to last year, and many are taking bookings for less than the full 12-day period, something normally unheard of at festival time, Chevillon tells the AFP.

Overall attendance at the festival is expected to be down for the first time in decades. "People are afraid it will hurt their image to be seen in a place associated with wealth," Cannes deputy mayor David Lissnard tells the AFP. Yacht charters are also suffering, as brokers struggle to find clients in Cannes' port, where all 60 berths for megayachts were booked up in anticipation. "There's a lot less demand this year for yacht rentals and a lot of pressure on prices," says broker Valerie Ruiz, who rents out yachts up to 200-ft. for the festival.

Graydon Carter and the editors of Vanity Fair have just published a book of photographs spanning 100 years of the magazine: Vanity Fair: The Portraits, A Century of Iconic Images (Abrams, $65). At 348 pages, the book contains over 100 color and 200 black-and-white photos of personalities ranging from Picasso, Cary Grant and Katherine Hepburn to Julia Roberts, Giorgio Armani and Brad Pitt, by the world's most famous photographers. An accompanying exhibition will open at the Los Angeles County Museum of Art on Oct. 26 and will run through the 1st of March.

On the eve of a major auction of his work at Sotheby's in London, Damien Hirst's manager says the controversial Brit artist has become a billionaire - while one of the world's foremost art critics says he's little more than a no-talent huckster. Hirst's business manager Frank Dunphy says he is now the "biggest dollar earner in the history of art" with a net worth of $1 billion, which would make him one of the richest men in the UK, the London Times reports.

Dunphy says that in addition to his art, Hirst has invested heavily in real estate, and now has so many properties he's lost track of the exact number, which he estimates at between 30 and 40. These include a $5 million country house in Gloucester and a couple of Georgian houses in London's chic Mayfair district. If accurate, the $1 billion figure means Hirst's wealth has been vastly underestimated to date. The London Sunday Times 2008 Rich List calculated his fortune at only $350 million.

The Sotheby's sale today is expected to bring in at least $120 million. And like Picasso, Hirst says his signature alone is now worth a lot of money. "Someone in a gallery in New York told me the other day that my signature is worth $350," he tells the London Evening Standard. "It's actually something they can define. That means if I sign a check in a restaurant and it's for $250 the check is actually worth more than the bill comes to. On that level, yeah, maybe I am in the same position as Picasso. If you believe all that shit."

One person who emphatically does not believe "all that shit" is world-renowned art critic Robert Hughes. He has labeled Hirst's work "absurd" and "tacky commodities" in a new art world documentary airing in the UK later this month, the London Telegraph reports. Hughes singled out Hirst's famed shark in formaldehyde, entitled The Physical Impossibility of Death in the Mind of Someone Living, for particular criticism, calling it "the world's most overrated marine organism."

As we reported earlier this month, Hirst himself has said he's sick of some of the work he's become rich and famous for and plans to pursue other artistic avenues. In any case, Hirst has at least garnered the admiration of Vanity Fair which ranks him at No. 31 on their new list of the world's most powerful and influential people, putting him ahead of moguls like Sumner Redstone.

Free-spending Russian billionaire and Luxist mascot Roman Abramovich has soared to No. 8 on this year's Vanity Fair 100, aka the magazine's annual "New Establishment" list of the world's most powerful and influential people. That's a big jump for the oligarch, who only ranked 20th on last year's list.

Aside from his impressive art and real estate acquisitions, VF notes that Abramovich is also getting more involved in Russian politics. Although he resigned a regional governorship in July, Abramovich plans to run for an even higher profile political post next month.

Elsewhere on the just-released list, Abramovich's pal Vladimir Putin has captured this year's No. 1 spot, while power couple Brad Pitt and Angelina Jolie are ranked at an eye-opening No. 9, ahead of Michael Bloomberg and Steven Spielberg. Check out the complete list here.

Last month we reported that top fashion brands were once again bringing back the supermodels of the 1990s to star in new fall ad campaigns for the likes of Prada, Chanel, Yves Saint Laurent and Louis Vuitton.

Vanity Fair has now picked up on the trend, with an eight page story in the new September issue and a photo shoot by Mario Testino (right) featuring Cindy Crawford, Stephanie Seymour, Christy Turlington, Linda Evangelista, Claudia Schiffer and Naomi Campbell.

Though they're all obviously in great shape, Testino somehow makes Seymour look as if she's made entirely of plastic, while the gorgeous Schiffer looks more like a hausfrau than a supermodel. Perhaps the lighting and make-up is to blame. The shoot was originally rumored to be for the magazine's cover, but we can see why they went with Carla Bruni instead.

Larger-than-life artist/auteur Julian Schnabel has slashed the price on a duplex in his controversial Pepto-Bismol-pink Palazzo Chupi by more than $2 million. The apartment in question, one of several luxe spreads in the building, was originally listed at $27 million earlier this year, then quickly increased to $32 million, but Schnabel just lowered the asking price to $29.5 million, the Wall Street Journal reports. Richard Gere bought one of the lower-floor apartments for $12 million last year and recently put it back on the market for $18 million.

The apartment's Old World features include 14-ft. tall plaster walls, massive hand carved fireplaces, handmade bronze railings, solid stone and tile floors, and wood ceilings, all hand-selected by Schnabel -- as do those in the rest of the building, which is featured in Vanity Fair's May issue. The price cut is probably indicative of the slightly slumping Manhattan real estate market, which many feel to be mostly recession-proof. You can view the listing here.

As we mentioned in our Classicist column on Anderson & Sheppard last week, dapper Vanity Fair editor Graydon Carter is a devoté of the bespoke British tailoring firm. He proved the worth of a well-made suit with the black three-piece Anderson & Sheppard number he wore to the Tribeca Film Festival fete that Carter co-hosted with Robert De Niro in Manhattan the other night.

Carter, pictured here with New York's billionaire mayor Michael Bloomberg (one of the guests along with Sigourney Weaver, Harvey Keitel, David Bowie, Jerry Seinfeld and others) looked quite dashing and much more svelte than on some previous occasions -- a fact which we feel is attributable more to A&S' fine tailoring rather than any newfound abstemiousness on the editor's part. After all, he does own one of NYC's trendiest eateries, The Waverly Inn, and we highly doubt he's ever presented with a bill.

[via Kempt]

Welcome to The Classicist, our new column devoted to timeless style, enduring elegance, and true, built-to-last luxury as opposed to mere extravagance....

Savile Row stalwart Anderson & Sheppard, which recently celebrated its 100th anniversary, is steeped in tradition, to say the least. Yet while other old-fashioned bastions of upper-class masculine British taste have been sold off or hideously modernized, A&S has managed to adapt and survive -- thanks to a strong-willed woman.

Anda Rowland, daughter of the firm's longtime owner, natty British millionaire Roland "Tiny" Rowland, who took over the business a few years ago, has set about bringing it into the 21st century without sacrificing one whit in the way of elegance.

The firm not only outfitted the great Fred Astaire - perhaps the best dressed man the modern world has ever known - but also Rudolph Valentino, Charlie Chaplin, authors Evelyn Waugh and Somerset Maugham, Gary Cooper, Noel Coward, Sir Laurence Olivier, Douglas Fairbanks Sr. and Duke Ellington.