It's all about the designer bags at Elegance II. These must-haves for the status-conscious come and go quickly, and it's little wonder why. The day I visited, you could have snagged a brand-new Gucci cloth logo bag from the 2005 collection with leather accents and a bamboo handle with the Neiman's price tag still on it for much less. Owner Babette Saotto takes 50 percent off the retail price. When we last checked in with her, she was nearly having heart palpitations: someone brought in a leather Hermes Birkin bag to consign. (You would swoon, too, at this catch; try to buy one new and, not only will you pay considerably more than Babette sold it for, you'll be put on a four-year waiting list.) This small, elegant shop also stocks lots of great clothes, both new and consigned--little tops, cashmere sweaters, shoes, suits by Chanel, Max Mara, and Jean-Paul Gautier. A classic Escada cotton suit, size 8, could be had. Buy it new and the blazer alone would be a considerable amount. Things really heat up in the fall when the Maxmillian furs (only mink) start marching in. People tend not to own up to their consignment finds, preferring to keep the natives guessing about how much they spend to look fabulous. One expensive-looking blonde of a certain age who had just bought a new cashmere sweater refused to give her name, but allowed that 'it's just fun shopping here, especially if I see something I like at a better price.'