Many readers agree that the best sale of last year was the Decadestwo pop-up store, in SoHo. On reader confided that the sale caused her to max out her credit card. Well hold on to your plastic because the Hollywood-based luxury consignment store is coming back for a second round. From March 18 to March 21, Decadestwo will be returning to the second floor of Kiki de Montparnasse.

We hear that they have worked with Julianne Moore, Selma Blair, Rachel Zoe, Courtney Love and other celebs and fashion insiders to compile a tightly edited selection of high-end clothing and accessories. At the last sale, we spotted $1,100 Christian Louboutin shoes priced at $390, $2,900 red Chanel quilted bag for $1,900, and a classic Chanel suit jacket was $1,000 from $2,400. Most key items, like Chanel bags were 60% off retail but most ready-to-wear was about 75% off.

What’s better? On the last day of the sale, Decadestwo will host their famous one-day shoe extravaganza featuring Louboutins and Manolos all priced at $150, or less! Decadestwo held this shoe sale at their Los Angeles store last month, and hundreds of women lined up the night before and slept in sleeping bags on the street, waiting to get in. Racked LA has a full play-by-play, but in NY we don’t sleep in sleeping bags– we just pay people to wait in line for us!

Last month we reported that Conran was closing it’s First Avenue location and moving to the ABC Carpet building, on Broadway. In preparation for the big move, merchandise was supposedly being marked down 75% or more.

With the March 31st closing date quickly approaching we figured we would check-up on the markdowns and hopefully take home a few great pieces of decor. Pink signs in the window loudly yell, “Moving sale, up to 75% off.” Smaller black signs discretely add, “Take an additional 15% off already reduced sale merchandise.” We couldn’t wait to get our hands on affordable modern treasures.

After a quick look around it became very clear that very few items were actually on sale and those marked 75% off were horribly damaged. Patio furniture, not on sale. Most lighting, not on sale. Children’s accessories, not on sale. So what was discounted? In a clearance department we found old display accessories reduced, but still not cheap. For example, a small bags of rocks were $5 each, a side table with a top that “would not screw on” was $40, bent and distorted silver wall decals were $2 and lamps that may not even work were $40.

Maybe some people consider this type of markdown to be a good sale but you know better, right? After all, you read Madison Avenue Spy!

We tend to think of Rene Caovilla as the Cartier of shoes. Maybe it’s the royal red boxes, the spectacular gems or it could be the lofty prices. The association is probably a combination of the three but the expensive issue can temporarily be circumvented.

Several sandals from the summer ’08 collection have been dramatically reduced. A quick browse through the online sale section reveals discounts of up to 75% off. A rather ornate Bulgary-looking shoe was $1295 but is now $453, a gemed flat was $1055 and is now $255 and an evening heel was $1275 but reduced to $446. There are a few bags also reduced but your money is probably better spent on shoes– those are the real jewels here.