I always go in here on first friday, but went for the first time on a 'regular' day recently. I love this place. One, because it does what a lot of great places in Phoenix do well - lives downtown, in a beautiful, old home, and is classy but unpretentious. Two, because their stuff is (yes pricey, but) adorable. I got a dress on sale here the other day that I love - handmade by a couple in Canada. The woman working was wonderful.
Their jewelry is definitely affordable and certainly adorable as well. I think a perfect Phoenix day could include a stop into Bunky and a glass of wine with a boursin salad at the Roosevelt next door. Sigh, bliss.