On the Runway, Money Is the New Sex

In this season’s fashion, there’s nothing hotter than looking like a million bucks.

This past May, as a foreboding heat washed over Manhattan, Demna, Balenciaga’s artistic director and a master satirist of our dystopian digital age, became the first designer to stage a runway show on the trading floor of the New York Stock Exchange. Following the ceremonial ringing of the bell, models emerged in double-breasted wool coats and silk jacquard pussy-bow blouses from the brand’s resort 2023 collection, which they wore over full-body latex bondage suits with talonlike nail details, some of them gripping leather briefcases or takeout coffee cups as they navigated a crowd including Ye, formerly known

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