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There's a reason Imitation of Christ has held so many sales lately: They're shutting down. The line debuted in 2000, quickly became a downtown cult favorite, and then almost as quickly began to lose favor thanks to torture-the-audience fashion week stunts and, ironically, mainstream acceptance. (It's unclear whether the participation of celebrities like Scarlett Johansson, who modeled in one show, and Chloë Sevigny, who was creative director, helped or hindered things.) Rumors of the label's death have been circulating forever, especially after designer Tara Subkoff sold it to former Sass & Bide CEO Josh Sparks last fall, but now it's official. Tomorrow's sale will be their last. [RackedWire]