Elton John AIDS Foundation
There’s a new “it” party in town on Oscar night. Arrivals for this party were packs with stars and style, including high points from Victoria Beckham (wearing a dress from the Fall 2010 of her namesake line), and Alan Cumming – showing that, yes, men CAN participate in fashion.
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Vanity Fair
The Vanity Fair party is almost as big as the Oscars ceremony itself – at least the red carpet is. Many attendees even do a wardrobe change for the party, which seems to have more fashion relevance these days than the sponsoring magazine.
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Click here to see red carpet fashion from the Academy Awards ceremony.

Formerly known to the world as Posh Spice, Victoria Beckham has turned her bubblegum fame into bonefide celebrity. It doesn’t hurt that she married an international star athlete, but her sense of style has solidified her status as a fashion lightening rod. Among a slew of celebrity fashion lines, hers is one that’s actually has some critical success. The masses, however, will rarely have a chance to assess Beckham’s sartorial offerings, considering the average cost of a dress is about two grand.

But now Beckham is trying to reach those masses where it counts (their wallets).

With her burgeoning dress business in its fourth season, the Spice Girl-turned-designer has taken her denim and eyewear collections in-house, and has overhauled and renamed each. The new styles will make their debut Wednesday on Net-a-porter.com and at a few select stores. She also has cooked up two artistically chic short films for the occasion that will be shown exclusively on Net-a-porter for a week, and last month redesigned her Web site, victoriabeckham.com, from top to bottom. Her personal appearances will be ramped up in the months ahead, with one at Bergdorf Goodman during New York Fashion Week being a key cameo in February. Television viewers also will get to see the name behind the brand when she tests the talent as a judge on “American Idol” next month. WWD.com

While I don’t expect that these jeans and eyewear will exactly be blue light special prices, it’s clear that most design houses make the real bucks from the more accessible range of $200 to $400. Still a pretty penny, but how many wannabe fashionistas have you seen sporting some designer logo-laden pair of shades with their Old Navy tank dresses?