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As if Balenciaga didn't have enough It-bags under its belt, there goes creative director, the brilliant Nicolas Ghesquiere, mining company archives and reviving hit accessories from years past. W reports: "When researching his prespring 2011 collection, he discovered a 1968 photograph of a Balenciaga runway model carrying the bag and wearing a giant basket hat and a striped shorts set. Now, as part of his Edition series, Ghesquière has designed a replica in duppioni silk with the same classic leather flap closure and roomy silhouette (he also added three new colors). 'It truly stands the test of time,' says Ghesquière. 'There is something about the round, voluminous cocoon shape that is part of Balenciaga’s DNA.'" [W]