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Fashion analysts weren’t kidding when they recently predicted the return of the conventionally pretty model during this economic downturn. Given the slightly sinister Victor and Rolf 15-year retrospective in June, Vogue Russia’s 10th anniversary hand-painted matryoshkas, and last month’s UNICEF auction of designer dressed dolls at the Drouot Montaigne, the pint-sized market is booming. But whether it’s childhood nostalgia or high-fashion frugality driving the latest trend, there’s something timeless about little Mary and Barbie and Victoria in their evocation of the couture spirit that’s sure to leave even the most dismal-minded damsels reassured of fashion’s first legacy: play.

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