By Megan Quitkin
Updated January 12, 2001 at 05:00 AM EST

In the battle of the bags, Fendi is out and Dior is in. Though Fendi’s famous baguette has been spotted on Angie Harmon, Liz Hurley, Winona Ryder, and Sarah Jessica Parker, the Italian accessory has certainly seen better days. ”Fendis are tired,” says fashion stylist Havana Laffitte. ”Everybody’s got one, and you can get a pretty decent knockoff, so they’ve lost their elitist quality.” Meanwhile, Christian Dior, with its logo-emblazoned saddlebag, is taking the lead. Fashion fiend Tori Spelling weighed in on the bag brouhaha recently, reportedly declaring Dior the next big thing at the Carousel of Hope gala, while Milla Jovovich, Daisy Fuentes, and Eve have been seen sporting the purse, and Gwyneth Paltrow appeared in a Dior ad campaign last year. ”The Dior bag seems to be having quite a moment right now,” confirms Laffitte. ”They were very popular at the Paris shows, and they’ve got that whole equestrian thing, which is really hot.” They’ve also got a waiting list, which is, of course, the truest sign of a status symbol.