Derek Does eBay: Elle got a first look at Derek Lam’s eBay collection. {Elle.com}

Rodarte Designs for Opening Ceremony, and It’s Kind of Affordable!: The Mulleavy sisters put out a decently-priced–and beautifully-crafted–collection for OC. {WWD, subscription required}

Mrs. O’s Fast Fashion: Michelle Obama wore H&M on The Today sShow. The dress is $34.95, but her stylist added custom sleeves. {H&M}

Ashlee Simpson and Pete Wentz Split: But what will happen to Clandestine? {AOL Music}

Kirsten Dunst for Bulgari: Move over, Julianne Moore. Ms. Dunst has been tapped as the new face of the fine jewelry brand. {WWD}