Lizzie and Jonathan Tisch Make $10 Million Gift to Launch the Renovation of the Metropolitan Museum's Costume Institute

A landmark gift of $10 million to The Metropolitan Museum of Art by Lizzie and Jonathan Tisch will support the creation of a major exhibition space within its Costume Institute. This gift will allow the Museum to proceed, beginning in 2012, with the complete renovation of its costume-related exhibition galleries, study collection, and conservation center, it was announced today by Thomas P. Campbell, Director of the Museum.

The new 4,200-square-foot gallery—to be named the Lizzie and Jonathan Tisch Gallery—represents a fundamental change in the Museum's approach to its costume collection as visitors will now be able to view some aspect of these holdings at least 10 months of the year. These rotating installations will examine fashion through conceptual approaches and connoisseurship and will bring visitors into a close dialogue with the works on display.

BEST-DRESSED PERSON OF THE WEEK: LIZZIE TISCH

Every September, Vanity Fair unveils the annual International Best-Dressed List, a roster that showcases the globe's most stylish sartorialists. Check back here every Friday as we select the standout outfit of the week worn by one of this year's B.D.L. members.

Socialite Lizzie Tisch attends a book party at New York's Regency Hotel on January 26, proving the undeniable charm of a little black dress. From PatrickMcMullan.com.