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Watch (and Shop!) the Oscar de la Renta Show Live at 5pm

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Today is the last official day of Mercedes-Benz Fashion Week, and although we're already thinking about the next one?only a little more than five months away?this one has yet to go out with a big bang. And that's where Oscar de la Renta steps in.

The designer, whose gowns are especially coveted for the red carpet readiness, will be livestreaming the runway show promptly at 5pm EST. You can watch it live here. This event takes on an even greater significance as, for the first time in Oscar's history, he will make four pieces available for purchase immediately following the runway show. Don't start making space in your closet just yet, however. The runway items will be jewelry, available only online.

We'll be at the show and tweeting from inside, if you'd like a little extra commentary to go with the livestream video. Follow us @rackedny. And now for the important question: what celebs will turn up? Fingers crossed for Glee's Lea Michele, who wore one of Oscar's gowns, a navy ruffled concoction, to the Emmy Awards only a couple weeks back. Perhaps she'd like to thank, in person, the man who helped her to the top of the best dressed list? Stay tuned.
· Watch Oscar de la Renta live [Facebook]
· All Fashion Week show coverage [Racked National]