Is the 2010 Costume Institute Gala in Jeopardy?

>> On Friday, it was announced that Vogue's director of special events, Stephanie Winston Wolkoff, had resigned with no replacement named. Today, Fashion Week Daily reports that insiders are buzzing about the future of the Costume Institute Gala — Winston Wolkoff organized the event for the past decade.

According to one source, "Events budgets have been slashed across the board at Conde. The Costume Institute has got to be the company's most expensive event, and Stephanie built it into what it is today. It makes no sense to pass it off to someone else."

This year's event brought in $2 million less than the previous year, with a number of fashion brands declining to sponsor tables due to the economy.  At this time last year, we already had clues about the designer co-host and theme for the upcoming Costume Institute Gala, but so far, there has been nothing about the 2010 event.  FWD suggests that "perhaps just cocktails are in order," but the Gala is still Anna Wintour's party, and it doesn't seem like her to let go without a fight.

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