I recently chatted with Leatrice Eiseman, the President of the Pantone Color Institute.
Apparently the deep, peacock-y teal greens & green/blues that dominated the recent Fall 2005 fashion collections will continue into next year. Orange also has staying power. Interestingly, it only entered the collections a few years back after Apple came out with those fruit colored iMacs. (Eiseman said this was an unusual case because industrial design usually follows fashion rather than the other way around.) The Christo gates currently on display in Central Park -- in a deep paprika'ish orange -- have received so much media attention and visibility, that they created enough interest in orange so that this color will continue to have legs for another few seasons.
And what's new? Metallics. So go forth & blow the rent $$ on that metallic croc bag you've been lusting after.