New York fashion star Alexander Wang on Thursday presented his much anticipated first show for Balenciaga with a collection praised by his new boss as "elegance, modernity (and) structure". In one of the shows of the week, Wang paid homage to founder Cristobal Balenciaga in what he modestly described as a "prologue". Wang, one of the hottest names in US fashion who also has his own label, was announced last December as the replacement for Nicolas Ghesquiere whose surprise departure came after 15 years with the French fashion house.