Headlines This Week 2/27

• Penélope Cruz, in a froth of 60-year-old Paris silk, must have wondered about her vintage Balmain dress when Tim Gunn, ABC’s red-carpet fashion expert, trilled, “It’s really a museum piece.” And what does that make the sexy Ms. Cruz? Anne Hathaway, in a glittering Armani column, looked a little nonplused when Mr. Gunn said to her, “I have to ask you, what actually belongs to you?” The gaffes were as dazzling as the couture clothes and borrowed diamonds. NYTimes.com
• YSL hosted the biggest private art auction in history ended at the Grand Palais in Paris Wednesday night as the final sale of the Yves Saint Laurent and Pierre Bergé collection brought the grand total to 373.5 million euros, or $484.6 million. The auction, according to WWD.com, has officially made Paris the art capital of the world.
• Apparently Chanel makes a Segway. As in the preferred mode of transportation of mall security guards. Chanel’s comes complete with the classic 2.55 handbag and matching black quilted-leather mud flaps and handlebars. Top speed is twelve miles per hour. It’s available by special order and the price hasn’t been listed, but as a reference point, know that the Chanel bicycle is $12K. NYMag.com
• You may bristle at the notion of shelling out $540 for a hand-me-down from the LA County Jail, but one look at – no, one touch of – Raquel Allegra’s one-of-a-kind T-shirts may have you rethinking rent, according to DallasNews.com.
• Sienna Miller wasn’t the only star power showing off her design skills at London Fashion Week– Big Love’s Chloe Sevigny also debuted her second collection for Opening Ceremony. The new line, Chloe tells WWD, is a “slight homage” to one of her favorite designers, Miguel Adrover, with dashes of “gay lumberjack,” James Dean, preppy New England and English punk. People.com