Who: Hermès
When: March 25th to March 28th, 2009; 10AM-6PM. March 26th, 2009; 10AM-8PM
(Opens on March 24th, 2009 but strictly invite only)
Where: 4th Floor at The Metropolitan Pavilion, 123 W 18 St (btw 6/7 Ave)
212-759-7585
Last year, I picked up couple of ties which ranged from $100 to $125 and a cashmere scarf for $450, 40% off the retail price. I saw garden totes ranging from $300 to $900; scarves were $250 or $300; accessories and shoes were $100+; fragrances were the best bargain, going for around $40.

Be prepared to wait in line for an hour or more. And try to avoid lunch time and after work hours. Enjoy!!!