HAUGHTY TO TROT: Hermès is a stickler when it comes to design standards. For the inaugural edition of its Prix Emile Hermès awards, held last week at Paris’ Les Arts Décoratifs, jury members, including the house’s artistic directors Pierre-Alexis Dumas and Pascale Mussard, concluded that none of the 21 finalists’ designs were of high enough standards for the first or second prize. Instead, three entries were awarded joint third prize, scooping 15,000 euros each, or just over $22,000. Ian Mahaffy was among the winners with his rather literal take on the saddlebag: a leather handbag in the form of a bike seat. The entries will be on show at the museum through Nov. 30.