One Last Look : The scramble is on for Richard Tyler’s farewell collection at Anne Klein. The reason is simple: It’s Tyler at about half the price.

Now that Richard Tyler has bid adieu to Anne Klein and decided to concentrate solely on his own label, an interesting phenomenon has developed: Fans are scrambling to buy the last items in his Klein collection.

Since this is the final season for Tyler under this label, some fans consider all the garments from this last collection to be quite dear indeed, reports Patti Ross, owner and buyer for Ron Ross’ women’s apparel division, which held an informal trunk show for the collection last week.

“Now that he’s stopped selling under that label, the items from this show will be considered collectors’ items,” says Ross. She admits that she is somewhat baffled over the severing of ties between Tyler and the design house, since her store, located in Studio City, did quite well with the Tyler / Klein collection.

Of all the individuals who attended last year’s show, she says most made their way back to the spring ’95 show. The crowd, including actress Melissa Gilbert and major music business executives, ordered from samples and, according to Ross, the store did very well with the event.

“It marked a major resurgence in business for us,” said Ross, whose shop was closed for some time for renovation after last year’s earthquake.

Bargain hunters may wonder how snapping up one of Tyler’s trademark four-digit fitted jackets can be considered a good deal by anyone’s standards. The haute couture math works like this: A jacket from Tyler’s signature collection averages about $2,000, while a Tyler jacket from the Anne Klein collection would sell for about half that amount or less.

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GIVING LIP: Will the ruby red lips Valleyites have been sporting fade from the scene? Will natural tones take over?

Depends on where you shop. At the Woodland Hills-based Sebastian International, the season’s colors are stimulating but not overpowering.

Natural’s gone, says Geri Cuzenza, Sebastian’s creative director, but overstated glamour is out too. Sensual, special effects such as sheerness, wet shimmer and icy, opalescent finishes are in.

A range of shocking and what the company calls “supernatural” colors prevail. There are pink colors with violet undertones, as well as metallic shades with golden orange and silvery undertones. Eyes are surprisingly bright. Among spring’s hot shadow colors at Sebastian: bold, translucent pink, orange and brown.

Across town at Dana Drug & Gift Boutique in Toluca Lake, cosmetic buyer Anita Mark cites a trend toward “matte and sheer texture play.” She says that, “Most of the products we are seeing are less masky than what we have had in the past. But when it comes to teen-agers, they are more predisposed to peer pressure.”

She predicts that teens “will probably continue to wear the dark lip shades, (which) are so expressive. That’s what they like about them.”

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THE BRAIDY BUNCH: Teeny tiny braids are cropping up on trendy heads of late. Anyone tuning into ABC’s “My So-Called Life” gets an eyeful of these, which are often secured with tiny plastic baby barrettes.

The cutting-edge braids are usually narrower than licorice whips and are often seen intertwined with ribbons.

At Krystal Salon in Studio City, stylist Samic Fugitt agrees that the look is all the rage, whether it is created with a person’s own hair or with an extension. “It’s something different, and it’s all part of the ‘60s revival,” says Fugitt, who has seen the trendy braids on girls as young as 11 as well as on the heads of fortysomething women.

At the salon, Fugitt and fellow stylists will braid a customer’s own hair--as well as wash, dry and style it--for $35 and up. Do-it-yourselfers can buy the braids from the salon, too. They sell for about $20 each and come in virtually every shade of the rainbow. Many are also adorned with colored beads.