Valeria Smith Buenos Aires (CLOSED)

We’re pegging Valeria Smith as the Kate Spade of Argentina, and we suspect that preps will go bananas for her handcrafted lavish bags, wallets and shoes. The Buenos Aires native’s first stateside 800-square-foot store boasts wooden floor-to-ceiling cases showing off the line’s exotic accessories. Nab some arm candy such as limited-edition vibrant patent-leather cross-body bags ($340) and hand-painted faux-snakeskin clutches ($450). Or treat your feet with splurgeworthy kicks, including leather bejeweled open-toe pumps ($290) and snakeskin leather flats ($240).