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If you want to buy a bottle of Halston perfume, go to your local CVS and check one of those locked plexiglass fragrance cabinets that house ancient boxes of Liz Claiborne and Jovan Musk. The Halston comes in a beige box, with the late designer’s name on it in his signature all-caps, sans-serif font, and costs about thirty dollars. But both the plastic-necked bottle and the caramel-colored juice within it are only echoes of Halston’s original 1975 blockbuster fragrance. That perfume which cost sixty dollars an ounce back then, roughly equivalent to three hundred dollars today came in an exquisite glass teardrop bottle designed by the Tiffany’s jewellery designer and longtime Halston collaborator Elsa Peretti. The scent, created by the legendary French ....

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