little black dress petite Anse Mini L runs short! Karen Millen Petite Italian Satin

Kennedy sold Thursday evening for $4.81 million at an auction in Los Angeles

So, next time youre wondering what to wear, take a page from Gwyneths book and embrace that 90s minimalism

Heres a darling wardrobe addition you can stitch up in a day or a weekend for your favorite little debutante

This spectacular costume is ideal for Halloween celebrations, masquerade balls, theatrical productions, or Victorian-themed events

Lastly, style it with a cozy sweater for a ski trip or just a cold brunch with friends where you want to get dressed up

The fabric of a dress nearly caused the fabric of the Internet to unravel Thursday night, with people engaged in spirited debate over the color of the $80 item, reports CBS News correspondent Elaine Quijano