It was the end of her long night as host of Louis Vuitton's Saks Fifth Avenue launch party in midtown, but Maggie Gyllenhaal lit up when asked about her new film, "Crazy Heart."

"I think it's my favorite film I've made," Gyllenhaal said of "Crazy Heart," a character portrait that stars Jeff Bridges as washed-up country singer Bad Blake. After early Oscar buzz, the film is being rushed into theaters in December to qualify for awards season.

Last night, after retailers reported dismal sales for December and many warned that their profits would take a hit, Louis Vuitton and designer Marc Jacobs celebrated the launch of a limited-edition capsule collection of accessories and apparel inspired by artist Stephen Sprouse.

The collection, which follows a collaboration between Messrs. Jacobs and Sprouse in 2001, is timed to coincide with a new book on the late artist by Roger Padilha and Mauricio Padilha and a retrospective at New York's Deitch Gallery.

Does this Bordeaux go with my Noe bag?

LVMH conducted an odd experiment in corporate synergy Thursday night when it held an intimate party pairing its handbags with its wines. (Bags were matched to wines, according to “personality” and “heritage,” and not because, say, a bag’s caramel leather details suggested a wine’s buttery finish, the company said.) Vuitton’s Noe bag, which was paired with a Cheval Des Andes, was chosen because it was originally designed to hold five bottles of Champagne (three on the bottom, with two inverted on top). A Cloudy Bay Sauvignon Blanc, a bright citrus-y white was paired with the Papillon, because both are “youthful” and “exhuberant.”

Photo Slideshow: The sky is the limit when it comes to heel height. As heels get higher, designers are engineering ways to obtain new elevation.